., pretend you're hiring someone else to do the contracting and figure out an appropriate equity split given that situation), and then separately, decide on how much he's worth to the team as the contractor, and pay him that much for his contract work.I would suggest that for the contract work that you treat him like a contractor from a contractual standpoint -- have contracts in place with a clearly defined scope of work and draw schedule.

After listening to many people online talk about lease option assignments and sandwich lease options, I became excited to explore more in this realm.I understand the key components and I even spoke with a local real estate attorney in order to be prepared for any legal issues (btw, he wants to charge $1200 for some contracts to be drafted), but here's my main hang-up: How can you secure a seller with a contract and get a buyer before you are liable for the lease payment?

Hi Devin, Define what it is you are talking about.

Define what risk level and return they want.

He doesn't define what this means but I think i know what he means by that; guess he only wants to acknowledge that his "progressive" policies are the only mindset we can have in austin.

They may not have any legit basis for their demand other than being able to set some rules.What this is however, if it were a person that could be defined as a lender is a form of red lining setting a class of single family properties in a category and refusing to lend on them.

The rule in question is about Rapid Acquisition which is defined as purchasing more than 2 properties in 12 months.

Owner agrees to compensate Manager as follows: Owner agrees to pay the Manager ___12 (twelve)_ percent of all gross receipts and income collected, as a fee for managing the Property (gross receipts are defined as all revenues of any type or nature collected from the operation of the Property), including but not limited to refundable deposits; which fees, plus all other expenses of any kind or nature, direct or indirect, as to the Property and management thereof, shall be deducted by the Manager from gross receipts and income, and further agrees to abide by the conditions set forth by the Manager to the tenant on the Owner’s behalf. $50 monthly fee on months of vacancy.

There are also D areas, where the defining characteristic is the prevalence of board ups.

I'd begin by defining the highest and best use, what do you want to build there?