He is one of these 45yr spoiled little rich kids who's parents are worth in excess of 30 million, and he thinks he can just do what ever he likes to who ever he likes, and mommy and daddy write a check, and he usually does get away with it.

Dave O --Did yo really think you were going to get away with claiming the RE professional status and having two rentals?

David,My agent has been the best at finding buy and hold property that perfectly fits my target numbers. 

Actual contracts would be perfect of at all possible,  but an outline of what the contracts should contain would be helpful also.  

I guess everyone has a start somewhere.I want to apologize to the world, bigger pockets and humanity for not being a perfect all knowing human being.I shouldn't have asked for the expertise and advise from more experienced people. 

Let’s say, after months of searching, you find the perfect rental property.

There may be a limit of 50% of a month's rent for the deposit, but the tenant can get away with six months or more of not paying rentI could go on all day.

The reliability of the money is perfect.

A perfect location near both Bluffton and Beaufort.

Thank goodness their lease is 6 months.The house is perfect for multigenerational living but this takes the cake ...