You need to follow the accounting, for lack of better term 

Some renovations on my current property are necessary, while others I believe will add proper value, but that's not the focus of my post.Once I sell my current property, I'll have approximately $165K in cash not accounted for in my budgeting, and I have 100% options on utilization.

What all needs to be accounted for in the agreement?

Most of the advice I'm seeing online focuses on apartment buildings but I'm not attracted to raising rent as a strategy and managing tenants & toilets as a job.

I took into account property management, 5% no occupancy, taxes, fees, etc.

That's just one thing I was made aware of as a possible variable to take into account. essentially I'm looking for hidden rental costs that I'm not aware of.

Any recommendations on an online school?

@Josh Haney I believe the legal/compliance piece is fairly well covered by those who already commented I completely agree that it's important to retain legal counsel to assist with drafting and also loop in an accountant to confirm structure is arranged with tax efficiency in mind. 

Originally posted by Account Closed:Originally posted by @John Weidner:@Jon S.2000 sq ft for $1500....ceilings, trim, wallsPretty aggressive pricing.  

Many people who were lower/middle to middle class (janitor, librarian, accountant, etc) who bought in 1970 for $50,000, house is worth $1.5+ million now.