A simple text with a brief update would be better than no reply at all.

What do you mean deal "upsides" I was thinking of putting in some simple home automation to raise rent.

@Mike Cumbie you already had experts here explain why it doesn’t make sense and her situation is pretty simple.

I would assume it would be too time consuming to try to assess more specifically the operating expenses of each particular house?

Now, we write up simple contracts that have several milestone payments (most GC's ask for only 2 or 3 but we push for 4 or 5) as well as a early completion bonus and daily penalty if the completion date is not met.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

My backyard has been used for a family members wedding in the past, but I'm not sure about the liability of having someone I don't know that well use my back yard for their wedding.They could have a huge wedding tent set up, have the mobile bathrooms parked, and have all the caterers operating in my backyard.Has anyone tried this or have any advice as to if this is practical?

So on that note, does anyone have any examples of operating agreements in Florida?

Gross rents - vacancy loss + ancillary revenue (like laundry machine rental income) = Gross Operating Income. 

It will keep loans simple and will let you leverage early builds on later builds.