Hey Jerry,On all of my flips I do a promissory note, deed of trust, and a JV (joint venture agreement) The JV outlines roles and responsibilities of each party in the deal.Let me know if you have any questions!

The "complication" is for legal asset protection.I am planning to designate all of these entities as pass through and report taxes on Schedule C of our joint account (not E as these are businesses vs. personally owned rentals).By reviewing the books I realized that i messed up the parent LLC and distributions are income where they should be equity - to be honest I am confused why you suggest it should be liability account vs. equity.

I do PPC, but I had very little budget, and a specific farm area, I would find the local watering hole - the bbq joint, greasy spoon, or church.

Joint and Several: All Tenants are jointly and severally liable for all provisions of this lease.

Most of the time we renegotiate the contract to include me and then sign another separate joint venture contract and split the assignment fee 50-50.

ACH is free for both you and your tenant.

I am married filing jointly and our MAGI is below $100K, or just above it, after 401K contributions. 

When we train our staff we need to make sure they know they have to check every door & window before they leave as people will try & case the joint while staff is there in the home.

Littering and or messy behavior on the property is prohibitedWhen parking your vehicle it is your responsibility to be aware that your not blocking any other vehicle and or frequently trafficked areas Each resident is jointly and severally liable for all lease contract obligations.

On a long hallway run it's had some joint separation due to contraction and in general the joints show more.