There's a case on this called Rosestone Investments LLC about backdating critical mortgage documents and land interests that goes into way more details.Practically speaking, we would probably just have our client add a signature onto the lease. 

This one of the most misunderstood aspects of self-management and causes many landlords and PMs to both waste time and out their safety at risk meeting unknown prospects at vacant properties without screening.

There will be ups and downs and side-to-sides but the un-sexy yet dumbfoundingly powerful aspect of investing is seen over the long haul. 

Thank you.I enjoy the mortgage planning aspect when it comes to tax, mortgage, and legal since they're all correlated.  

Critical that you identify the type of property you are looking at.....4BR/2BA v 2BR/1BA....quiet country v bustling city.For instance, one of my places is in a popular city and it gets booked up about 3-4 weeks in advance.

I like the aspect of not having to go get proper mortgages all the time, the closing costs are much reduced from traditional mortgages.  

What the techies refuse to understand is that real estate is not a series of 1's and 0's, you can not quantify judgment, intuition, intrinsic aspects of value or possible potential as you might with some widget like a car meeting popular demands.

It is a great place to meet new friends and learn about various aspects of real estate and more.

@Lee S.I do understand you logical ranting, even if I didn't read it all in detail.No, it's not my opinion nor do I set any ethical, moral or legal aspect other than what has already been adopted in the industry or by statute. 

Im new to real estate and just looking for answers and yes I can handle criticism.