The above could be adjusted slightly to work with buy/hold projects as well.If the projects are small to medium and under $1M, a simple Joint Venture Agreement could suffice (see legal advice).

For instance, Public Notice may suffice.

Perhaps just filing a motion to be made party defendant would suffice.

Water and sewer chargesElectricity for common areas like hallwaysAllowance for vacancy and credit lossIf I understand correctly, you would be carrying a very small (40k) mortgage, so with such minimal debt service you probably will still have a healthy positive cash flow --- but will it represent a sufficent return on 350k cash investment?

Usually 24 hrs. notice should suffice, but a few days would probably be appreciated.

So yes, it's expensive in it's own right but you should be able to get a newer model (assuming the dilapidated home is older) that should hopefully suffice to be less of a "money pit" for you.

Would the buyer need to sign any additional documents for the buyer consultation fee or is inserting it into the HUD-1 suffice?

I have seen some online sample forms, but again I'm wondering if we have to use those or if a letter will suffice?

Thoughtful silence will suffice.

I’m still feeling my way around this website, so if there are any articles or documents on here that someone can point me to, that would more than suffice.