I'm pretty new to landlording and have never held a position as property manager.Joint ventures can be beneficial to both parties if the numbers look right and your cross your legal t's and dot your legal i's.

Ali states that "You need to know if foreign nationals are legally allowed to own 100% deeded freehold property in that country."

In many cases, the transaction goes more smoothly.More importantly, I would make sure that I am fully represented by my agent as a client (signing the buyer representation agreement), which ensures that he/she has a legal duty to keep your discussions confidential.Congrats on the offer!

There are better legal ways to reduce liability, but each carries its own dangers.Example you own the LLC by yourself that holds your rental, but your spouse and you own your personal residence as tenants by the entireties, and your wife has the CDs and stock accounts in her name only.

I reached out to an attorney here in North Carolina. I was told that it is not allowed in this state. Is anyone doing this in NC?

Hey Jason...What about a Real Estate investment opp that doesn't involve all the messiness of "tenants and toilets", taking out loans/financing or rehabbing or construction or buildings of ANY kind?

Find your state eviction rules and post a "pay or quit" notice the instant it is legally allowed.

As long as they had a means of heating their home to acceptable temperatures And you fixed the problem within as reasonable time period according to state law then I do not see that you would be required to pay anything towards it legally.

- Does anyone know if it is legal to finish out these agreements since they were done under prior ownership?

I would be surprised if there were not usury laws in all states that place a legal limit on the interest that can be charged on loans.