That being said, I do have a clause in my property management agreements that states I'll do extraordinary hourly work at a pre-specified price ($45/hour for example).Since you're out of town, I'd ask the contractor to text photos as work is completed.  

Additionally, setting up this first partnership meant ensuring that we have the infrastructure in place (credit cards/banking/operating agreement/business plan) to make sure we're ready to scale up from here!

@Dee Bral I collect deposit to hold and have them sign a deposit to hold agreement.

He should probably tell her to get her own place and not leave her toothbrush either or at least have her sign a lease agreement. 

so actually I want to propose for lease option to seller;are there any base rules to follow to calculate the rent, option fee, purchase after agreement price comparing current value, etcsuppose a house is valued at 200,000 what should I propose to buy it after 3 yrs lease or 6 yrs lease?

I found a tenant in September 2021 and we signed a one year lease agreement through September 2022.

I'm a newbie working on my first land deal and I'm in need of assistance with offer letter review, purchase agreement review and some deed work. 

Although these expenses can be captured and added to the payoff balance, they are direct out of pocket expenses during the life of the loan unless the borrower is paying them into escrow or you have another agreement with the borrower. 

To decisively control it, locate the owner and complete a sales agreement, where they deliver clear title.

If the LLC has a correctly written operating agreement, it has more options to decide when to pay, or to keep reinvesting the proceeds perhaps near indefinitely, and/or continue to disburse income without paying the judgment.