A tenant destroyed a garbage disposal with a shot glass- the next thing in my lease was tenant payment for repairs not coming out of security deposit and specific terms for hourly labor charges. 

We made an offer based on what our down payment could buy.

@Amy FirminAmy, If you are bringing your kids in to teach them the business, letting them know that trying to cut costs by saving on legal fees is definitely not the best advice.A partnership template may technically cover the needs of the parties at its inception but may not be sufficient to cover the eventualities that can arise in real time.If you do find that template, spending a few bucks to have an experienced eyeballs on it to button it up seems like a good idea.

The PHA will also conduct their own background check on the tenant.Sign a lease and contract: If you approve a Section 8 tenant, you'll sign a lease agreement with them as well as a separate contract with the PHA outlining the terms of the voucher payments.

They informed me that they could not wait that long and requested payment by Wise.

I also have solar panels on the property with a monthly loan payment of approximately $150 a month.

All things that cost thousands to replace/install.Mistake #4- Cutting corners.

They aren't as clear cut as you may think.

Subdivided off the adjoining 3 acres to become free and clear and now am developing into 9 more units using the land as down payment for construction.

To do the job right, drawer fronts and cabinet doors should be removed and interior ‘edges’ painted as well.