This couple beat out some strong applicants for this property.

It starts with an application form, lease form, ruels and regulations, smoke detector, pet agreements, move out checklist and five day notice to name a few.

It seems as though in this case the landlord did not take charge of the problem, but all we have to go by is that news account.

The sellers agent was pissed , she didnt want to see a price drop of $75K . ( less money in her pocket )  So when it came time for the apprasal , she missed being there and the appraser had to reschedule , there was an extra charge and I made her pay for it

Congrats on getting this deal Harsh.First things first, you should be talking to your attorney and your CPA for legal and tax advise on how to best structure your deal according to what you agree with your partners.That being said, the structure of a deal can take many different shapes and forms and it will vary according to the type of involvement the partners will have in the deal.Are you in charge of putting together the deal, securing debt, managing the operations?

A charge off is tied to the account of last activity, regardless of whether it's been paid off or not.

These are the covenants, conditions and restrictions which run with the land and are applicable to all owners.

What if I did the minimum, and charge under market rent but fill vacancy faster? 

When underwriting a potential single family investment in Harris County, should I assume the purchase price will be the assessed value subject to tie applicable tax rate?

@Tasha Pams, You cannot charge a finder's fee for finding properties unless you have an active Alabama real estate license.