These are what I talk about here most often, if something can lead you down a path where you can lose your investment, like screwing up writing your own contract or notes, or trying to CYA in documents to use a loophole, that is something where most may not see far enough down the road to make a decent determination about.An example, using a RMLO on a residential owner occupied deal.

The only state "standard" I'm aware of is the State Board of Realtor's purchase and sale contract, which is not really the space I play in unless I happen to be in a deal where I'm using a Realtor. 

Friends,I am currently purchasing a rental property using a personal mortgage.

Do not think that using a boiler template found online or even Legal Zoom will stand up in court.

I'd like to try purchasing a rental unit using a lease option.  

Can you guys please let me know if I’m using a fairly good rule of thumb on the tax cost?  

@Jason Harris Hi Jason, a common trend of new investors looking to break into the real estate realm is by using a FHA (Federal housing administration) loan which is typically used by individuals with low income and do not have the capability of putting down a large down payment.

I have used project managers in the past but I prefer using a GC.  

They only do STR but are very cost effective vs using a traditional PM company. 

Had your friend bought his property using a land trust he couldn’t even get a lien put on the property but most folks don’t setup their entity correctly