Protect yourself from surprises.Good Luck!

If the latter, how are my dads investment, my equity, and the occupant / purchasers interests protected in the paperwork?

@Ram Gonzales   you want to be careful couching your self as loaning money then switching them to JV in the structure you delineated.. this can be construed as bait and switch and the JV partner can make a claim that this is really a loan.So if its JV deals you want to do NEVER mention that your lending money because your not. 

I'm inclined to LLC as I was told LLC offers better protection and may have better tax treatment.2.

. :) I still have some rental properties, but I have been switching over to seller financing for the last several years.

The businesses that compete for these simply switched the owner to the spouse.  

If you plan to assign a contract, it's better to have a solid form that includes mandatory and desired disclosures, etc. that give the assignee reasonable options and protections.  

We had to rebuild the soffit, fix the ceiling and walls, relocated plugs and switches, but we have built a team now and are not afraid of odder houses. 

Realtors work only on commission so it's only fair to expect them to protect their time like this.

Good Morning,I need some insight and recommendations as to a situation that has come up, ina  property I am looking to purchase, that has Exposed wiring , all throughout the house.The house was built around 1955 , and it is all wood on the inside ( almost like a Log cabin on the interior walls ), in that there is no sheetrock anywhere in the house.Well, all of the wiring that goes to the.... light switches, Outlets and ceiling fans, are all " Exposed " and are tacked to the wall with staples.Here is my main question please.....