You're basically offering a months rent for a (complicated) sale.

If someone comes to me about using him, I'll typically handle the contracts and payment through my business...but I'll ultimately oversee his efforts and if there are any issues, the other person can come directly to me.Basically, I only get involved in I feel my reputation is on the line or if the work is complicated enough that having me involved will be a benefit. 

Too Complicated?

I went for BH apartment because of the upside.OK - so I work in title and HOA field, I am 56 years old college grad and I just want to end up in the same position as my sister (owning a nice home and having the income from a paid off 1.2 million fourplex would put me on equal footing and match my own life change objectives.My personal situation is complicated.

If for some reason I get sued then will there be complications from this of any sort?

You don't have depreciation on raw land (which you lose the benefit of in an IRA) or a lot of complicated transactions to keep straight.You would probably be in technical violation if you stayed on the land but not if you just visit.

RE can get complicated due to types of properties, financing, construction issues, different types of sales, use of partners on a single or multiple deal(s), leasing issues that you may be forced to rent out a property instead of flipping it and liability concerns.

Project Complicate doesn't sound too good.

well think about it if you cant get a simple concept accross how are you going to fare while dealing with more complicated issues down the line you want someone who understands YOU a good match for your personality makes for smoother sailing ok lets look at what happened yesterdayI listed a house for rent that still needed some repairs the tenant can move in at a reduced rate on a month to month for three months while my handy man comes in on 6 different days throughout the 3 month period to do the repairs once the repairs were completed a lease would be signed if they still wanted to stay and at that time a full background check would be done. some people I met with could not understand what I was offering some were asking questions like how soon would all the work be done can it be done before they move in can you do 5 of the repairs now these people were immediately rejected.another guy however actually said he would pay more than I asked for once the work is done because he realizes I am renting below market and he wants to live here for a long timehe asked questions about whether the neighborhood was regentrifying he was more concerned with the insulation then he was the cosmeticsthis was my choice apart from his excellent references he caught my vision and could take it to another level.Also I make my application process a little cumbersome they have to email a request to my email address fill it out and email it back the application period is 3 days and then i review so a person just cant waive money in my face and think that that will be enough I can do this because my units look beautiful so if you want it you have to work for it and things that come hard are cherished for my neighborhoods and tenant pool the whole computer thing is a challenge for some challenge is good and competition is good

Running any business more complicated than a kid's lemonade stand requires keeping keen records especially if the business how outside investors or hires employees.