Many states have specific laws on the storage, protection, and release of PII information, whether intentional or negligently.

A hiring of real property, for a term not specified by the parties, is deemed to be renewed as stated in Section 1945, at the end of the term implied by law unless one of the parties gives written notice to the other of that party’s intention to terminate the same, at least as long before the expiration thereof as the term of the hiring itself, not exceeding 30 days; provided, however, that as to tenancies from month to month either of the parties may terminate the same by giving at least 30 days’ written notice thereof at any time and the rent shall be due and payable to and including the date of termination.

Intention probably has a lot to do with whether or not it counts, so even the scenario I just posed will probably not pass a couple introductory questions from a lender; but go ask and that way you'll know.Using a lender to finance the renovations can have it's own hardships, like inspections before payments are released.

It can also work the other way around where people intentionally ignore you are try to work with other groups or individuals they keep having positive and more headache free experiences with doing real estate deals whether leasing or transacting.Good luck.

@Paul Lechuga, if you have your Lender on board with your intentions first (which I recommend), I suggest finding the deal before deciding on how to finance it.

That way I'd go with the intention of learning how to best grow a portfolio.

Purchase price: $93,000 Cash invested: $110,000 This property was bought with intention of using as rental unit.

My intention is to find a mobile home that I can purchase with cash at around 25% below market-value.

@Matt HummelThe 0/100 partnership may not fly by the IRS if the whole intent of the profit and loss split is for tax purposes.It may not pass the substantial economic effect test.

Here's the backgroundIn 2017 bought a rundown house with the intention to fix then maybe flip or rent depends. ( Filed the property on schedule E, treated the same as other rentals), However had a lot of issues with contractor, long story short, Sold the house in 2018 ( Less than a year) at a loss just to get rid of the headache.