I like the idea of an agreement that shares responsibility depending on the amount of the repair/improvement and its effect on the value of the property.I'll also make sure to consult with a knowledgable lawyer about Florida's laws in this area 👍.

I've been a landlord, hard money lender, flipper, rehabber, consultant, attorney, just about everything except a realtor (which I act as counsel for).I have some single family homes right now, and a couple smaller apartment buildings (I used to have a 72 suiter).

In fact, you might even want to consult an attorney for a couple minutes before your first conversation with the contractor.Lastly, I would make sure that you file a complaint with the BBB and post your experience with this company on any contractor review sites.

I definately will consult an attorney and mortgage person regarding this.@ Financeexaminer I have not done this transaction yet.

All notices required or permitted under this Agreement shall be in writingand shall be deemed delivered when delivered in person or deposited in the UnitedStates mail, postage prepaid, addressed as follows:IF for The Seller and/or The Buyer:______________________________________________________________________Address:_______________________________________________________________Print: _______________________________________Date:___________________________IF for The Consultant:______________________________________________________________________Address:_______________________________________________________________

I usually charge about $399 for the Articles of Organization, EIN letter, 121-page Real Estate operating agreement and 1 hour consult on Entity structuring.

It is my understanding that property distributed or withdrawn from a corporation is done at fair market value and taxed as a sale.You also have related party transaction rules in play here.Best consult an experienced tax advisor before you take any steps to implement your plan.

If you use the same attorney firm when you close, they may not charge you for consulting time prior to closing.

Just ask them if they will allow you to come visit them for a free consultation.

First time out, a consultant would be a good investment.