Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

It also means more units at one address at apartments.Of course, apartment complexes are not the perfect investment but much better financially. 

I own a first trust deed that I paid very little for-under $15,000. 

@Chris Seveney, So you have a different LLC for each state do you have them as their own separate entity with their own bank accounts and everything or do you have them owned by a trust or an S corp?

I've learned a lot already, and feel like I'm about to the point where I need to just get started, go for it, and trust I will fill in the cracks along the way.My question to you is:What's all the information that you, as a potential private lender, would like to see from someone seeking capital?  

Also keep in mind that a good GC has a connection of sub contractors that they trust, so it saves you time getting multiple bids for everything and hoping you picked the right ones.

If he rents her house does all money (approx 1500.00 month)have to go into a trust to protect it so she can still qualify for Medicaid?

If you are closing in your name, the check is addressed to you.

Also 7-8% is realistic in most markets (from what I hear) What I took from Bjorn here is to fix your own variables, good call not to trust whats given!

Just make sure you send the itemized list to the last known address showing where the funds went.