These are the attorneys we recommend, all very experienced, fully bilingual and most important, they specialize in real estate:http://american-european.net/page-costa-rica-lawyers-and-attorneys-202.html

Be a good conversation to have with a landlord/tenant lawyer in your area.

Do I ask my investor to get his lawyer to do all the paperwork?

People speak of the importance of having a good real estate lawyer on your REI team.

Iv also considered buying a bigger house with a close friend whos in the exact same financial situation/income as me (we work together) and flip it and split it 50/50 (with all the lawyer paperwork to boot).

I would speak with the actual owner about it, and reference the law - possibly send it from a lawyer if it's worth your HOA's time and money.

I don't think anyone mentioned that if you stay highly leveraged on the properties or don't have any personal assets there isn't much "meat on the bone" for a lawyer to go after.

Are you a lawyer?

I would have a personal guarantee on the lease from co signer.Look for language from any bank PG form.And see a lawyer, to make it enforceable.

I really enjoyed reading @Bill Gulley post above.Redemption of a "Contract for Deed like contract" ie what are your options if the seller defaults is a big issue.See your lawyer and your RMLO."