Now if he's still in there on the 1st of next month and you don't receive the rent payment, that's a different story and you'll need to serve him the appropriate pay or quit notice for your state and proceed with the normal eviction process. 

via online and/or people who have strategies so creative, that they're confusing to a novice such as myself. there seems to be sooo many ways to conduct deals and most "teachers" can only "teach" the ONE way that worked for THEM, probably after much trial & error. issue 3: i'm not sure i'm tackling my priorities in appropriate order. i dont want to waste time. i'm eager to acquire my first property and complete my first deal.last issue (for now): in my world - family, friends, neighbors, etc - know nothing about investing. get a job & work until retirement is the name of the game. my folk seem to be "silently negative" about the idea. they mean well but have been exposed to so many scams, anything other than a secure paycheck is ludacris to them.my immediate goals (if i even know what they should be at this point) are to find an experienced investor(s) in the southeastern PA region to help me assess my plan of action. also, i believe i am at the point where i am ready to consult with an attorney about the initial contracts and applicable laws.thanks to any and all who can provide me any guidance at this point...ps - lemme know if this post is too long for these forums.

I'll post more details of that project in the appropriate category. 

So it seems the standard formula to determine the appropriate best offer price is ARV x 70% - rehab costs - fee.  

Not to say that they do not have such a local attorney or that they are not appropriately exempted by corporate status, to review such documents, but word of warning to anyone considering a large law firm like this;Should anyone go with an attorney not licensed to practice in your state, you run the risk of adverse legal consequences down the line.

You should have a script prepared to cover basic property/person information, describe what service you offer, and obtain appropriate info about the property and situation.

Equity in a property is not gain and is not taxable if accessed appropriately.  

If you don't have appropriate records and meetings the entity is void and it all come crashing down. 

Logan Hassinger How did you determine $6k in reserves was appropriate for you on that property?

I want to have a good thorough application, no playing around with rates or late payments, implement appropriate fees and rules, and basically use all the processes that lead to a smooth running operation.