They wanted a ridiculous amount of documentation, and huge reserves.

Literally, I write a specification document that goes into enough detail so there is no (or very little) ambiguity and the scope of work is clear.

And, of course, make sure your documents are solid.

They also provide documentation on property, visually, rather than search through the accounting records.

Our agent let us know about 10 minutes after submitting the offer that the bank had already accepted someone else's all-cash offer, and she led me to believe the offer was lower than mine.Oh well.

Nearby, where I have a rental property, the management company charges at least $500 and won't even say what the charge is.The management companies charge these transfer fees for about 10 minutes of clerical work -- to prepare a bill and send a zip file of standard documents to a title company.Also, ask when an association last had a reserve study made and to what extent the reserves are underfunded.

Our attorney quoted another $500 to $1000 to develop the articles of organization and complete the other documentation.

And when you market a property there are required documents such as Seller Disclosures, Agency Disclosures, Legal Disclosures and Lead Paint documents that need to be completed.

The constable service we use in Indianapolis not only shows up to remove any persons, they also photo document all remaining items and take them to a local storage unit.  

I read in another post that with a partnership the partnership would have to file taxes first and then submit a K-1 form to each partner to file their own taxes.