Nevada has low taxes and landlord friendly with strong appreciation and close to CA.

But for the purposes of property management, are they all (associates, affiliates, any agent under the primary broker) legally licensed to manage property?

@Jose ChavezAs mentioned notes are very standard documents that your attorney should draft.A PG is another separate document just like there also should be a loan agreement if to a LLC and some security instrumentWe use an attorney to always draft these and charge the costs to the borrower as part of the closing costs

This setup will allow them to determine their own usage, and we will pay the difference either monthly or annually.We use the warehouse only a few days a month, so our power consumption will be very minimal.If this makes sense, or if there could be any legal issues, please let me know.Thank you. 

The mortgage rate can always be refinanced when the rates drop back down which they are very close and will start to drop this year.

I agree with Wayne, legal descriptions do not include descriptions of improvements, title is to the land.

You might also see smaller fees at close for legal, title, appraisal, etc.

Hi guys, I am about to close on my first rental property.

@Barry Randall, try joining a meet up regarding real estate in Madrid or meeting other people here on the forum close to you.

So, I may have to find out who this person is or simply go to closing and be prepared to deal with this occupant.On the other hand the bank is having trouble providing the legal corporation paper work required by my title company. here is the latest email from Title to Bank: “Please have the seller (the  bank) contact their attorney to provide the needed paperwork.