Is it all on the line, reputation, results, you bet.If you are contemplating raising capital as a critical role in a GP or sponsoring deals or syndicating deals and selecting operators, you need to have an attorney trained in SEC and your state laws to understand what you can do. 

This expression came about as a combination of the shift of profit from ordinary income to capital gain, the fact that the property is reported on two consecutive tax returns, and attorney interpretations of some old case rulings. 

Do you suggest using an attorney to do it or can you find ones online that can be edited?

@Wesley W.if you serve someone a three day notice and after three days you start the eviction process and they make a deposit into your account. it will avoid the eviction process and you'll lose out on the money that you spent with the attorney and have to start all over again

Just getting my wholesaling business started and looking for a title company/closing attorney in the Adirondack Park area who is familiar with wholesale transactions.

It is a process which will probably involve giving them notice and a chance to correct, before you can ultimately do an eviction.Either way it sounds like they are/will be difficult so I would strongly recommend consulting an attorney who specializes in evictions.

total $1000 monthlyRemember most of the cashflow cities are just coming back to 2006 levels.. 130k down can get you a duplex, triplex or quad in riverside and san bernadino county. cash flow probably $400 to $500 a monthabout your other questions,,Need to set up LLC in state of property--- you dont need that. just a landlord insurance and a umbrella insurance to cover you.Need to set up business bank account--- rental income can be deposited in any accountNeed to find Mentor-- yes Need Attorney-- what for?

So have your attorney write one up or edit a PSA specific to your jurisdiction.

The added benefit of this process is that you can also have your attorney sign the public records as "Nominee Trustee" before assigning yourself as the "Trustee" once the trust has been established.

Hi @Garen LafserI'm sure you could find some relatively standard ones on google or the forums here on BP, but usually the attorney's will draft up the PSA after an LOI has been ratified.