,●Showing the property to prospective tenants,●Writing and placing rental ads●Taking tenant applications●Running background checks and screening tenants●Preparing and negotiating leases●Cleaning the units after tenant move-out●Maintaining the grounds●Doing repairs yourself●Doing improvements yourself or arranging (and managing, but not “watching”) others to do them●Hiring and supervising a property manager ●Purchasing supplies and materials for use on the rentals●Inspecting the property●Communicating with tenants, and responding to their complaints●Collecting rents●Evicting tenants●Traveling to your rentals (as long as there is a business reason to do so)

Are there any verbal agreements or arrangements between the current Landlord and Tenant?

I would say anywhere from $500 to $1000 is reasonable for attorney's fees depending on: (1) the market; and (2) other stuff you are asking them to go along with forming an LLC (e.g. getting you an EIN, arranging for registered agents, asking them to help you give an "LLC 101," etc.).

I am happy to workout an arrangement that will be mutually beneficial.  

I have heard that some mortgage companies will allow you to make arrangements to pay half of the monthly total on the 1st and the other half on the 15th.  

The property managers generally want 20% there but we've been able to arrangements with our connections and do a property management "lite" setup where we still manage the booking and pre-trip communication and our people tend to needs on-site and arrange the cleaning.  

WE have to arrange log purchase orders schedule our loggers ( they move from one job to another ) etc etc.So what happened I am not sure but I suspect someone can behind us and offered more.. and the guy was pretty rude about it.. normally I would just move on..

Leases will be rather property specific, by tri-plex I believe is about 9/10 as it allows sub-leasing arrangements for college students.

As we continue to scale, I'd like to somehow arrange for him to get his GC. 

To me it seems counterintuitive for an investor to agree to this arrangement.