Are there certain guidelines I need to follow when searching for funds?

A deal in your situation sounds too close to cecoming a massive disaster--I would recommend you spend the money and see an attorney.I would also suggest posting this under the "Legal Issues" heading and see if any of the legal gurus around could give you more specific feedback.

Chris,Welcome to BiggerPockets and we look forward to you contribution.I am not a tax expert and I would never consult any free source of information for tax, legal or accounting advice.

Keep in mind I'm in AL (sometimes termed a non legal state -where there's no legal court proceeding prior to foreclosure.

Here are the reasons: legal positions.Don't ask me for details because I don't know them, but I can tell you that combining the lease-option contract (filing it with the courthouse as well) solidifies your interest in the property as opposed to seperating the two which will weaken your legal position in court in the event that your optioner is crooked and has all types of liens and such on the deed that he did not disclose with you.

Hello
I am considering that I have to start to be a little smarter when it comes to protection and structure of my investments. Anyone know a good Attorney and Investor familiar with Fla Law
Bill W

Did you ever run into any legal problems?

What wording do I need on a form to be able to raise a tenants rent legally in Arkansas.Thanks, Frances

Since this is a private source, there are no bank guidelines to follow, and there are ABSOLUTELY NO DUE DILIGENCE FEES (my favorite thing about this group;) .

There’s either no margins, or they’re too risky.d.One last thing, I am extremely wary of building either my own projects, or investor projects in subdivisions where the Developer has not done a good job fine-tuning the CCR’s and Architectural guidelines.