If you are a licensed agent I believe there is some type of specific agreement you can use in your listing agreement that breaks out what work you will do and how much of the upside the seller will get at closing - that will protect both of you.

I would only consider this method to keep from having to break up the slab to replace a leaking sewer pipe inside the house.The trenching from the base of the house out to the street is not a problem and you end up with thick PVC pipe that will last forever. 

Recently, I had a break in at a short term rental I have in Columbus, Ohio. 

I own a three-flat in Chicago and am ready to expand into the northern California market.I'm looking for advice on how to break into the private lending market and what to expect once I secure a private lender.

I find that the tank heaters seem to break down exactly after the warranty expires.

You'll want to decide how the Operating Agreement provides for costs, profits, break ups, etc.It is a pretty simple agreement based on what you've described.

This is just a whim, so take it for what it is worth....If you want to sell while market is UP a lot, i get that.....but, I wonder if you'd consider renting for a while to see if the market cools a bit....so, your next purchase does not break the bank. 

Please keep in mind in short term if you're not managing you're breaking even if you're lucky.

This will ultimately make or break your success.

If you want to break their lease to move in, you are going to have to give them notice.