Paul - you’ll want to get a lawyer to create a  new lease that provides necessary coverage or at minimum an addendum for sub-lease/arbitrage situation.

It may also be beneficial to require a co-signer for the lease, especially if the tenants are college students with limited credit history.When writing up the lease, clearly outline the rules and expectations for the property, including noise levels, guest policies, and maintenance responsibilities.

The most sophisticated professionals always go through a transition from buying generic property lists to creating their own playbooks from raw data sources.

I am in New Jersey and currently looking for a RE attorney and an accountant to start creating my team. 

Tossing a bunch of rules at folks and not pumping up that enjoyment in the pre-arrival communications is a huge missed opportunity.

As soon as I create the LLC, I go to the bank and open a checking account, savings account and apply for a credit card in the name of the LLC.

Good rule of thumb on office size is no more than 25% of the floor plate of the individual unit. 

Hey @Ruben Garcia, Given we are accountants, we cannot promote our services on BP as its against the rules.

I'm all ears 🙂  also, what's a good rule of thumb for coming up with a good rate to charge.

They are a Purchase & Sale Agreement, Title Report, Power of Attorney, Disclosures, Closing Statement, Payoffs and a business card to a good attorney to get you out of the mess you will create if you try doing this on your own.But use somebody, like us, that actually knows what they are doing to learn this.