The standard would be to raise rent by some reasonable amount each year.

The lease is a standard NJAR format lease.. 

Just incase anyone out of AZ is reading this, as far as I understand a PLLC (Professional Limited Liability Company) is the same as any standard LLC, just not all states have the PLLC option.

Maybe the standard yellow letter.

Unless it's a modern home, you can do fine with a standard white refrigerator. 

We are using the state standard real estate contract

@Greg Harriman @Alex Chin  Please read some of my previous posts...The stated loans have been discussed at length for Seattle/King County and the underwriting is 1.20X DSCR --- Two banks here will allow a portfolio loans so the equity in the 5 properties become the new down payment ...as these are commercial loans ...you do not deal with standard FNMA D.T.I. ratios and they are cross collateralized with deed releases writing in to them. 

Once you have that letter store it every way possible and make sure you have a good attorney, because the standard policy will give the adjuster many ways to deny your claims.

This is pretty standard with owner-financing.The use of debt-financing will create exposure to UDFI taxation.  

Shefali R.They should have a standard template they use for their lien releases, usually it's a simple one page document.