Still need to run all of your numbers and ensure any property is a good investment if you are planning on being in this for the long haul.There are numerous posts on FHA financing and living in a portion of your first rental property.

yes we have the right documents in place, as we did when we first started, to show the proper ownership aligned accurately.I think we now feel its best to part our ways as far as ownership is concerned so thank you for the feedback.

I would ensure you get a formal partner agreement that spells out roles/responsibilities, timing, taxes (capital gains), cash flow, etc.

(Hmmn... and the more I think about it, I didn't see any steel in the slab)If this is the case, it's "simply" jackhammering the slab, removing debris, adding proper fill (maybe having to remove other debris that's still there) and repour the slab.

I would make sure to protect your license (based upon taking the proper actions) before everything else.

If you do a deal once, assigning contracts it's not an issue, if someone is running around and doing the 15th deal (example) they pull the facilitating phrase out to be applied.I agree that you are selling an option contract and not the dirt, but you might consider viewing it as facilitating the ultimate sale by using a method that is being implemented consistently with the expectation is to ultimately transfer title.You might also look at "net listing" issues, not saying it applies, but agents have to ensure they are not engaging in some method or systematic contractual transaction that nets a fee for services or facilitates a sale above the price received by the seller.

If you have the proper shut off valves and they are properly installed, there will be a bleed device for that purpose.You then have to put RV anti-freeze into the traps.Your safest bet is to have a plumber in to check things out.

How could I go about increasing it while giving proper consideration to the needs of the current tenants?

Will of course ensure that this and other aspects like lawn cutting etc are included as tenant responsibilities in the rental agreement.

Or is the thought of a loss too great that you would rather rent it to ensure you break even when it's sold.