Better believe I am going to keep very good maintenance to retain this older couple!

Im nervous to knock on the door, but I do feel it would be more personal and a cash deal would help them avoid foreclosure and hopefully retain some credit etc.

So I have also contacted a lawyer (also per Ned's recommendation) and will probably send back his retainer on Monday, after my Brother's review.

Will it retain a smell?  

I was under the impression that GPs could get away with putting let's say 10% of the equity down, but actually retaining something like 35% of the equity for putting the deal together and doing all the work, etc.PS.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

John  its America anyone can go on line on Social scamming media  file complaints hire lawyers file lawsuits you can do it all.I think feed back your getting is that even though all these avenues are open to you.. the end result will be nothing but a lot of your time .. and depending on your personality stress.... especially if your attorney wants a 10k retainer and starts billing you then 3 years from now your into the deal 50k and lose. 

Perhaps you can get equity credits for any particular skills you have which are instrumental in putting together bigger deals; or secure private money and deploy it generating greater returns than your cost of capital.Rapid expansion and retaining enough liquidity to absorb negative volatility if it comes is a careful balancing act. 

I understand as they want to retain control of the listing but on the other hand, they are wasting their own time in fielding the calls and questions that would naturally be asked.Back to the OP's question; from my experience the information provided varies greatly.

Is it worth the potential income loss to retain these long-term, responsible tenants, or should we consider bringing in new tenants at the higher market rates?