Again - Thank you for your response!

Thanks for the response @Jake Andronico.

Yes, I participated in his free course as well!

Is this something we draft ourselves including outlining roles and responsibilities, are there templates out there to use, or should we hire an attorney?

I would say research is a lot easier when you are looking to confirm an answer rather than find one.How I determined that the info provided by a “random” is true:The gentleman that answered my question seems to be a CPA with his own firm and 25 years of experience (unless this is an elaborate hoax with no apparent end game). 

I assume the answer is yes, since the tenant(s) is/are still responsible for the property and any damage that may occur.

Hello, my tenant paid his rent on the 4th.

We’re looking to link up with a responsible lessee including those operating rental arbitrage.

Unlicensed contractor agreed to do work, then moved his family in and never did the agreed upon work.

I have a plumber who made $700k net last year between him and his father, they put all that money either in a high yield savings account or put it back to their business.