When the contractor gives you an invoice , you write a check .

sure you simply have to make a lot of money.. either choose the tenant pain and the writeoffs that go with it or choose write on s and live with the income and tax burden.you can always buy a plane that will shelter a bunch of income. 

They write their own rules, rates in 5 or 6 seems reasonable thereThen there is Hard money.

Would it be easier to write a specific contract for each sum he transfers to me and have 5 or 6 individual notes with descriptive verbage on the terms?

I am committed to testing the short term model this week through the summer, as I've just dropped about $5k on supplies/set up for it, hahahaha (all a write off)  I'm just testing the short erm/ corporate rental/ vacation rental model on a few units. out of about 30 that I manage in this area.I'm setting up beds, furniture etc this week and hopefully will have some rentals open this week.I'm attempting to do corporate (mid term 1-12 month furnished rentals) as well as testing the Air BnB concept.If any locals who do Air BNB on asmall or large scale want to help for service, Or if a local newbie wants to meet up and help me move furniture, clean and set up these units let me know. 

EVERYTHING in this business should have a function a reason and a purpose.

I’m now going from driving, writing down addresses and observing, to writing letters, visiting divorce courts (Weird, but it’s a strategy), and several other methods I’ve picked up to find some great deals.

If you create your chart of accounts in an excel list you can basically download your banking in excel format and quickly classify transactions with consistency.From there you can sum each account and quickly run a profit and loss report.I like QuickBooks because as I grow my portfolio I have all the functions I need and I can run year over year reporting.

By renting to them at ~$10k below market annually, you are essentially writing them a check for $10k each year. 

I doubt you’ll have 700k to just write a check.Nothing you say will chAnge my mind that seller financing here is a good idea.