Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Its good practice to provide an estimate of repairs but every buyer is different and they're going to have different opinions/ideas about what needs rehabbed.

In this industry, there seems to be a lot of friendly referrals that don't actually translate to deserving business practices.

Practical, hands-on advice and lots of smart ideas.

I no longer practice brokerage for other people because I hate it, but that's a topic for another post!

My questions are: 1) Is it generally common practice to put the note on the residence into the LLC?  

Is there a best practice on transitioning section 8 units?

We sometimes have practical questions and reminders for them, for example, "How do you propose your old dog will do climbing all those stairs every day?"

The downpayment is practically as low as they get (save a couple of exceptions like VA or USDA loans which have special requirements) and the credit score requirement is lower than most traditional loans.  

But I understand from folks who do use long-term leases that the best practice is to have a "break lease" clause that clearly outlines the terms in the event the tenant or the landlord wants to break the lease.