Most will walk away, particularly if they know they are guilty of a crime.Nathan- You can put anything you want to in your lease and even if it is agreed to by the tenant doesn't mean it will stand up. 

If you choose to address something like no playing ball in the courtyard, make sure it is just stand alone...don't mention children. 

I ways take steps to protect your interest unless you have a long standing relationship.

I'd like to add, the type of analysis I'm looking for is a cash flow analysis program for single family, multi family, multi unit properties.Something similar to the one offered here but stand alone, no monthly fees.Thanks for any help

One of my favorite quotes is by Isaac Newton, "If I have seen further than others, it is by standing upon the shoulders of giants".

I just appreciate feedback from people who understand what I'm trying to do (my family and friends don't even know what ROI, ARV or FHA stand for :-/)**Along with this calculator I made in excel, I've created a new acronym as I've been going through the process of trying to buy my first multi unit investment property: FTFO (Freaking The F&*k Out).

If the professionals agree with you, and are willing to testify (written documents of that kind are subject to hearsay objections), then I would stand strong on your original position.

I usally can't stand the looks of splits but you may have changed my mind :)

Everyone has their own opinion of that so it's not worth rehashing, but suffice it to say, from the bank's perspective a property owned by XYZ LLC with the loan guaranteed by John Doe personally is exactly the same thing as owned by John Doe with the loan in John Doe's name from a likely hood being repaid stand point.

Put some thought into this and don't let the fallacies being spread by Wall St and the "gobbler"ment fool you!