I also take the time to really make sure the guest understands the beds and sleeping arrangements.  

Any other source for deriving property value data is secondary to the multiple listing service and unfortunately you typically require an RE license to access it (unless there is some other arrangement by the listing service for paid access).

We also have quite a few investors, big teams, commercial agents and a TON of free classes.If you have any questions let me know and I can arrange an introduction with our manager.

Yes, 8% is high when they entered into this arrangement they were not in a good financial place.

I like taking a sale and purchase agreement and delaying the settlement date for 12 months to 24 months.From the Buyer's perspective, you want to have an option to purchase and not be locked into a sale and purchase agreement.If you are in agent, representing Sellers, you want to arrange for a lease purchase.

Typically, you would have the Operating Agreement prepared to reflect your deal, as opposed to ordering one "out of a box" that may not reflect the actual arrangement among the members of the LLC. 

Send me a PM and we can arrange a time to meet.

She arranged a meeting between the three of us.

You're in a business arrangement with somebody living in your property, and that person needs to know the terms and conditions of the agreement.  

How the family member expects to participate in the investment and how you plan to hold your investment will be large factors in how you set up the arrangement, and things you'll want to be armed with before talking to a lawyer or accountant (anything you can do to lower the amount of decisions they need to make/ask about should help keep their bills lower).