There's usually a clause like this:EFFECT OF ADDENDUM: THIS ADDENDUM AMENDS AND SUPPLEMENTS THE CONTRACT AND, IF APPLICABLE, ESCROW INSTRUCTIONS.

Explain how they can receive a down payment now and monthly payments to help supplement her living expenses for the next couple of years.

The credit check is pretty generic but does give you a score and it has found criminal and eviction records for me in the past. 

Sorry I don’t know anything about the generic “licensed bonded insured” catch phrase.

The answers are nicely worded, but they're also generic and often are missing key information in response to the question that a tax professional specializing in real estate would likely know to mention.  

Info is good as a supplement to knowledge, not as a substitute. 

I'm a photographer/videographer by trade and thought this would be a great way to supplement my regular income (and fun for me!).

If you're one-and-done you are leaving most of the meat on the table because these folks are, by definition, vulnerable and scared.You can supplement your marketing with mailings and phone calls, but nothing beats good old fashion door knocking where you can see the house, talk to the neighbors, get a sense of the borrower's grasp of the situation, etc.Remember that a lot of these people have creditors bugging them all the time.  

This is a common practice for LLCs with only one member, and it simplifies tax reporting.Rental Properties in an LLC: If you have properties held in your LLC's name, the income and expenses related to those properties are typically reported on Schedule E (Supplemental Income and Loss) of your personal tax return.

Generally, passive investors receive a return of capital upon a supplemental loan, a refinance, or a sale.