You can google how to write a business plan or buy a book but it can be fairly simple and evolve as you grow just like the goals will change as you move from 1 unit to 2 to 6 to 20.

The ONLY reason you would go with the 5/1 was if you KNOW you will sell within 5 years or you made money as a loan officer writing new loans. 

You’ll actually run into this fairly often so best practice is always for you or your agent to verify with the building inspector prior to writing offer.

How many "Gurus" actually care that much to take a few moments and write a handwritten note of sympathy.

I write leases like this for roommates as well in order to stay out of any drama.

The deposit likely won't cover everything so you have to decide if you want to go after them or just write it off as a cost of doing business. 

Some mom and pop landlords are just lazy and never write another lease with long-term tenants, but it helps give you more leverage coming in.

Formal quote or contract in writing with clear and detailed expectations of each party.Check WI contractor licenses: https://app.wi.gov/licensesearchCheck for judgments, liens, lawsuits: https://www.wicourts.gov/casesearch.htmCheck LLCs: https://www.wdfi.org/apps/CorpSearch/Search.aspx

I'm looking to structure a partnership, were wondering what the best way to take this to an attorney to write up a contract that looks out for the best of each individual investor.This is my first rodeo, looking forward to the plunge! 

As of this writing, we still have no funds wired to our account.