You can have everything you want to protect yourself in the lease but there will be a lawyer out there that will try and say that you are still responsible and not the person that died.

I’m looking for Net and occupancy for 2023.The unit I have a contract on was mostly used for personal use, I’m looking for rental numbers…. and sellers aren’t willing to give these up. 

Try to establish relationships with common services needed for your property, such as, plumber, electrician, handyman, septic, lawn, locks, etc. 9.

Me personally, it took me a while to understand what the expectations were for rentals in my market for different classes of rentals and it was much different than I would have expected at the beginning.

It's generally a good idea to keep rental income and expenses separate from your personal finances.

So if it’s a $10 million deal and we are using 50% leverage then the capital raise is $5 million my partner and I will personally invest between us $500 - 750k into the deal under the exact same terms as the other investors.   

David, the amount you will have to spend to locate the property (run adds, put up signs, buy lists and etc) is not comparable to the amount you would have to invest if you wanted to personally buy that property, hire a crew to fix it and absorb the costs of owning that property before you could sell it.

From CSLB:This section defines what an owner-builder is and the laws surrounding the practice.An owner-builder is what the term indicates: a person owns the property and acts as their own general contractor on the job, and either does the work themselves or has employees (or subcontractors) working on the project.The work site must be their principal place of residence that they have occupied for 12 months prior to completion of the work.The homeowner cannot construct and then sell more than two structures during any three-year period.Getting a GC license and going Legit is pretty difficult.

I’m looking for Net and occupancy for 2023.The unit I have a contract on was mostly used for personal use, I’m looking for rental numbers…. and sellers aren’t willing to give these up.

When I am looking to buy properties, I have to walk through personally to not only see the aesthetics but also the systems and layout which are hard to evaluate from pictures.