This is on small deals when you get to larger properties you really need representation.No legal advice.

What you have is a legal situation.

It's perfectly legal to discriminate against occupations.

I will reiterate what Karen stated, you have placed your lenders in a very risky deal and opened yourself up to potential legal issues.

You do need someone to verify it is actually a legitimate, legal,conforming and enforceable note.

I'm just applying the 50% rule that says 50% of gross scheduled rents will go to vacancy, expenses (taxes, insurance, routine maintenance, make ready costs, tenant damage in excess of deposits, utilities at least when its vacant, CPA fees, legal fees) and capital (roofs, floors, appliances, furnaces, sewer lines, etc.)

@Joshua Hawkins, I don't have any specific person to recommend, but I personally been using Legal Shield (formerly Pre-paid Legal).

There are both legal and tax reasons to have an operating agreement.I suggest the books by Nolo Press.

Joseph F.when it comes to contracts and legal help, I can't recommend more Legal Shield.

The institution would email me the password in a week- trainers did not show: how to legally form a company to do wholesale, how to talk to the homeowners and get them sign a wholesale contract, how to inspect the property to get the right estimate - trainers told me to spend $11K on another 3-day workshop (9/14/17-9/16/17) to get the 2-day, one-on-one training to do wholesaleA week later (9/15/17):- no password to the software- called Customer Service who said, "We never promised free access to Property Farm.