You can send tenants a new lease 60 days before end of period or anytime and ask them to sign a renewal.3) move-in- Take pictures, movies or whatever you'd like to feel like you'll cover the whole house and note the condiiton before tenants are over with you.

If you want your family to participate in these deals in a passive way, I suggest a simple unsecured promissory note with a fixed rate of return that is less than the performance of the asset you are going to use the money in.

We’d have a promissory note and/or operating agreement?

A note on appraising work that hasn't been done.

This are the details of the property.3/2, 1000 sq ft living area , 7500 sq. ft lot...REO owned by the bank, it was being sold at 64K with a note on MLS saying "This property is being occupied w/former owner.

Hi Elliot,To really analyze the deal, you'll want to factor in a few things (i.e. repair expenses, vacancy, etc) that you may have overlooked from your numbers above.Try searching for "50% rule" on here, or check out this (rather long) sticky thread to get an idea of things you'll want to consider:http://www.biggerpockets.com/forums/52/topics/17612-where-does-the-5-rule-come-from-

I would appreciate help in locating note buying related documents, Note listing agreement, purchase agreement etc. ...

I noted during the rehab we are doing now all the new GFI's are aligned that way as well!!!.

When you lend on your flips, do you create a partnership for that job or does he hold a note?

Note that even if he is paying the payments, the interest expense is being incurred by the partnership, not him.