BP also has a good book for REIs and taxes.Find a good investment CPA and lawyer. 

I'd have a lawyer draft the partnership agreement. 

Communicate with them about anything that effects them.

It does not cover all types of liability or most landlord-tenant issues--that’s where a proper asset protection structure comes in.Integrity is also great, and is certainly an element of how you do your part to keep your asset protection plan effective.

I have a lawyer, but I'm paying by the hour so I'm trying to use him sparingly.Is this a case of HOA negligence?

. ;)YUP deals are like street cars there is always another one on the next corner.. that is what my Dads Lawyer banged into my head circa late 60s and into the early 80s. but reality is for most buy hold is what they can realistically do with the capital at their disposal or their ability to finance.deal making and doing development and value add.. just is not feasible for most investors. from a capital standpoint.but when I put up 50k for a new build and 9 months later pocket 75k or more.. after tax  how many months at 200 to 500 a month would it take to make that kind of money.. 

I don’t have the money to pay a lawyer to draw something up right now.I’m especially concerned about protecting this asset as the local newspaper published my name address and purchase amount so now anyone who is looking to slip and fall knows where to go. 

I have never used social media as a platform for advertising my business, but I have come to realize that it is a great marketing tool that I want to learn how to use effectively.

Owner financed 2/2 condo78k asking price15% down: $11,70015 year repayment4.71% interest $514/month paymentsShould rent for around 900-10002- He’s asking I pay for a lawyer to write up the paperwork, that should be around 200-400 correct?

January's goal is to nail down a good title company, have a lawyer to go over the buyer/seller contract that I found on BP for correctness, and nail down at least 10 leads to action.