A PM contract is a serious deal and you definitely want to be on top of EVERY aspect of it.

So I liked that aspect.

Jon KlausOne aspect that is often times over looked is the "stepped up basis".

Ben,Thank you, I will look into the commercial aspect of bigger pockets and read up on Ruhl and Ruhl!

In a sub-to, the owner conveys their "second position" in legal title and all of their equitable title, according to the degree of conveyances as contracted (all or part of their title interests).A Special Warranty Deed is the same as a General Warranty Deed except the SWD describes aspects of title that are not warranted, for example, all rights except those interests held by XYZ Bank.    

I attended a landlord bootcamp which I HIGHLY, 100% RECOMMEND even well experienced landlords go to, not the city run one, which I also have been to and came away thinking it should be called the "tiny bit of good info and LOTS of veiled threats if you're a future slumlord class" but its from the Apartment Assoc of SE WI (I'm a member for full disclosure) but you'll get 8 or 9 hours of PRICELESS info directly from the attorney who my usual, general practice lawyer said is hands down the one to call for any bad eviction or potentially big liability type deals and he'll go through things that the city for one, would never dream of telling you, such as how in Milwaukee Cty, our judiciary is very biased to the left side of politics as you'd guess for a generally left leaning county, but that many of these judges take those political stances right into their courtrooms and you sure as hell better be prepared for rulings that fly in the face of the current laws, especially the changes made a few years back when the GOP gained TOTAL control of state gov't in legislature as well as the governor seat and as was national news at the time, went like a machete through the law books and fixed a lot of things needing fixing, including several relatively minor aspects of landlord/tenant laws that COULD be exploited, as well as stuff that didn't make sense anymore, etc.

Improvements, defined as property produced by the taxpayer in Section 263A-2, are not eligible for the De Minimis safe harbor.

Since we didn't explicitly call out our definition of "clean" in our lease, and we didn't know the full prior history, to retain our tenant, we agreed to address the issue.So I wanted to ask here, how do you define a clean unit - like are things like window hangings, area behind appliances included?  

It even could be the nights that one of your tenants has a few friends over to watch Netflix and drink beer, which involves more flushing of toilets.For Building 2, the spikes are not as defined, but they are still there... maybe the same causes. 

One question - does state law typically define how many days notice a tenant must give to break a lease?