Don't sign anything until after you have your own attorney review it.If he is not on title but has been paying the bills to maintain the property, taxes, utilities, the loan you mentioned...

This isn't debt per say but one thing I haven't seen mentioned was insurance.

It just seems classier and less for the tenant to worry about in this day and age where most people use cards and don't want to worry about getting rolls of quarters anyway!

@Perry Farella would you be able to give more info on the loan for investors you mentioned?

Today I was at my Business Finance Course and we were talking about TAXES; my professor who shall remain nameless mentioned that "only ~1% of all taxes filed are ever audited" before he said that he was discussing tax deductions and how you can "tax deduct lawyer and attorney fees on business related expenses"(contract, legal and financial advice, etc.) 

It is worth mentioning that besides my current student loan, I have no credit whatsoever (don't know if this would be an issue when I apply for mortgages).

It's all in how you position something to make the future tenant  feel like they are getting a great value.Point number 5: One poster mentioned they self manage many properties.

I spoke with an investor and he mentioned that he was bothered by the fact that his agent insisted that he go to the agent's office to sign a buyers agreement which lead to the deal falling through because of time constraints. 

Based on the research I've done I was under the impression that the PM does run the show as you mentioned.

Do understand when people say they pay 1.5% for listings, they are failing to mention there is also a buyer agent fee of 2.5 to 3.0%.