The issue is showing that she can bring occupancy up.There may be an issue, not clear on her position, but she really can't act as a commercial manager unless she is employed if she doesn't have a license.There seems to be a great deal of risk on here part and I'd first suggest that she try to see what she can do without a deposit but agree to be responsible as she will be.Two things, she can establish a security deposit over time from rents.

You cannot be the nice guy, you must be respectful but demanding of what you asked for.Get referrals from as many pros in your area so save you the headache of hunting down good workers.Get multiple bids on everything.TRUST YOUR GUT.Don't take referrals from unexperienced rehabbers (this one cost me dearly).Create an contingency fund for when you go over budget because you will.

As I mentioned above, I would love to have only one or two clauses: a) Be respectful; b) Use your brain.

If the tenant elects this option, we execute a separate agreement as a Schedule to the lease which establishes a monthly utilities prepayment to be made by the tenant.

With respect to your MIL's IRA, both you and your wife are disqualified persons.

Also, with respect to your original post, word does spread in communities.

We require our SFH tenants to establish service in their name and pay for it.

Lenders generally ignore purchase contracts, yet they can establish a greater financial or equitable interest than an option.But, consider a custom built home that may have unusual features, perhaps extensive custom mill work or extensive landscaping features, purchase contracts can extend for two years or more.State law may restrict the term of a residential sale contract or extensions, such issues may be state specific.

I think it's been about three weeks ago, you'd be done with an agent's examination book by now and you'd now how equity can be established.

@SCOTT WALKER I love land, but I deal specifically with improved lots in established subdivisions and I have tried to stay away from your kind of land (see my interview - podcast #41).