To expand upon the concept of owning residential rental property as an investment, once you execute the lease, you have entered into a new segment.

The form is completed with the tenant prior to the execution of the lease.

After a short sale closing, the title co. wires the money to the shorted lender along with the executed closing documents, executed arms length affidavits, if not already submitted, executed deed, etc.

I started out as a high level executive assistant to two owners in Virginia before we left due to military orders.

Just for everyone to be aware, though, some states have what is called a "self-executing exemption" and others do not - Georgia does.

State law may shed light on the subject of responsibility no matter what is stated in the executed lease.

You'll also have to show them your fully executed purchase agreement, proving that you actually have the ability to purchase this property for $2M.Also, I believe SBA will allow a 10% construction contingency on top of the number that is substantiated by the general contractor (this would be your "just in case" funds).

--Carrying the mortgage note (for a 2-4 unit property, and hopefully more beyond that)I plan to provide:--Acquisition strategy and leading execution--CapitalWhat are smart and fair ways to split/structure our partnership?

I wouldn't include the actual earnest money with the offer, but say "EM to be provided by certified funds within 48 hours of mutual execution of contract" or something similar.

Obviously, an Executed assignment contract, and the executed purchase agreement that you are assigning.