I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.

i can't legally kick her out, unless she keep paying later after attorney letter, but she stoped after she received the letter

I’m guessing the process of valuation and creating legal shares was a bit more involved than Marcos had expected.

The first being - don't bring your friends or family into the mix :)Since it sounds like you're pretty solidified in your friend moving in, and it could be a good first roomie, so just to get your feet wet... i'll double down on Laura's advice - do a lease, for the legalities, but i also highly recommend some sort of written (we call it a) Room Mate Agreement.

Tenant will also be responsible for the additional cost of any legal notice.

Also, if anyone has a legal advisor in Virginia that is interested in working with a small investor (this will be our 2nd investment property), please pass their name and info along.

@Jeremy Bloom  the rag on the thermostat can be beat by placing a remote thermostat that is set to the legally required temperature with that remote thermostat actually controlling the temperature.

They’ll handle setting up your legal entity and obtaining your EIN (Employer Identification Number).

Being novices in the game we do not have the legal or business background to know where to begin on accepting funds.

It really helps to speak to someone at the agency because they often will give you recommendations on how to do what you want to do legally.