While I initially didn’t target older tenants, I feel that with the proper screening there is definitely potential for great tenants that will likely stay for a long time.My plan is to contact my lawyer tomorrow and discuss this with him and have him draw something up.

you need advice from a lawyer of the state the property is in.

My recommendation is to contact your insurance company and a lawyer and ignore any opinions on this thread- including this one 😁

Did you get a lawyer?

Get a lawyer.

I am no lawyer or CPA, so don't believe a word I say and check it with professionals and people who have done it first (all I wrote below is taken from reading, so just assume I don't know what I am talking about ;-)), but my understanding is:- the biggest challenge is the due on sale clause (that gives the bank the right to charge the balance on sale).

Hi All,Would anyone have an Asset Protection Lawyer they could recommend, Ive got homes in a number of different states and I want to structure my assets using LLC's, Land Trusts and using S or C Corps.

She just told me that her dad will cosign for $600 and wants a lawyer to put the lease together so that's he only obligated for that much a month.

I think the best way to do this is set up an escrow account between you and the tenant with your lawyer.

@Darrell ShepherdOne of  these days we need to compare notes as far as buying with bad credit, Georgia is one of the best states in United States to be able to flip properties or buy on terms such as subject to, wraparound mortgages, lease option assignments, etc@Derrick Webb Whenever I hear New Jersey I think of lawyers and major difficulty doing what I described above: buying on terms It can't be done but lawyers sue each other all the time to create lawsuits and income in my and njHere is info on a terms re businessBest of luck to you getting started!