The agreements I've seen basically say you are guaranteed nothing, you could lose all your money, you might not be paid on time or ever, you can't rely on any representation made by the GP, you have no control over the operation and other terms and disclaimers to that effect.

I started wholesaling and learned people like to work with verbal communications and no one had an interest to want to put any type of co wholesale of joint venture agreement together.

Despite blowing through all performance projections it was just an endless stream of ridiculous requests for reports and information (beyond what was agreed to in the operating agreement) only to satisfy a junior analyst that probably hadn't stepped foot on a property in his very young life.  

Deborah if the property is un-inhabitable the lease agreement likely terminates, but refer to the lease.

When my Agent and PM do the walkthrough, I plan on having my Agent give the tenants an Estoppel Agreement to fill out so I can attempt to have full transparency of the leasing situation. 

If they are manipulating the numbers or adding charges that were not fully disclosed and agreed to in the PM Agreement, then I would demand they stop.

Hide you money, drugs and valuables off site.If you do your own opens, do it for a couple of weekends.Once you have someone interested, you fill out a purchase & sale agreement, collect an EMD, open escrow, order title, verify ability to close with the buyer's lender.

If he failed to do so, he breached the agreement, and as a result, his IRA was closed.

It has to do with the LLC Operating Agreement you use.

Rocketlawyer has which state the rental agreement will be part of and you would think that they would know better not to have any of these provisions in their specific state agreements.