I'd like to write a "holding fee" feature into my paperwork, and I like Jon Holdman's method of converting the fee into the security deposit (simplified accounting), but security deposits in my area only seem to run 40-50% of rent, which would give me two weeks before I'm losing money on the property (assuming other demand is there).

If you've purchased a house, go dig through that stack or paperwork from the closing and you'll find these two documents.The title company may have generic versions of these documents.

ONLY your attorney should be handling such paperwork and they should be written from scratch or previous documents with which he is familiar with.There is nothing wrong with a family trust or a land trust.Shane Johnson,Sorry but do you honestly think that property manager that has anyone else's best interest in mind?

So when I buy the property from the bank, I have to sign the paperwork that I intend on doing x amount of work.

They want me to assume all of the sale on my 1099 minus the their shares.They are saying that since the house is in my name, I will have the paperwork to show the IRS where the money went when the taxes come due.

So say the seller is signing the paperwork and they finish.

You can use a note servicing company to collect payments and do all the paperwork, which I think is worth the minimal monthly cost.Foreclosing is not difficult in CA.

-The lender was able to get an appraisal on one of the props for 2xs the value it had just 2 years ago (same appraiser)in order for the LTV to make sense (values havent changed that much)-The lender instructed the seller to take a seller carry note for 56k with no questioning of how it will be paid -The borrower had recently asked the lender for a 10k line of credit and was told that 10k wasnt worth the paperwork of trying to get the borrower approved to the loan committee-The lender also required the borrower to roll in his or her 2 other investment property loans which were not yet due.

If you have good credit and your paperwork in order, it shouldn't be too much of a problem.

Can someone give me the step by step procedure regarding the paperwork and action needed.?'.