@Timothy BoydHi Tim, I know I am late to the party, but any chance you can share your contractor's info to me as well?

For the most part I am going to leave the rest completely alone and maybe sell some of the worst to purchase better ones.

If so, is this something I can get a template of online or do I need to seek one of these documents from an attorney to then present back to attorney signed by both parties to then draft a formal contract?

Below are some items I’ve seen in teaming agreements.Ownership Interest: Clearly define the percentage of ownership each party has in the property.

@Ardin CychoszThis is where each party should get an attorneyA buyer and seller who both have no education or experience probably is not going to end well and you cannot have someone representing both of you.Get an attorney and if you cannot afford one then you should reconsider whether you can afford a home.

If the garage isn’t being used, turning it into a dedicated game room should add some value particularly if you are targeting families or larger parties.

The crazy part is, is that I feel like these types of things are normal to find in almost any property if you care enough.

You'll often see variations in minimum night stays, use of 3rd party management companies, and general attitude toward STRs.

He was able to screw someone over for some money and keep The Bank out of foreclosure the other month, then they build an illegal bar and threw a Poker Championship party "For Charity" bullsh*t to get some money back in to pay bills.   

Hi Rob, Sorry I am late to the party but here are my two cents.