It does not cover all the bases, obviously, but it does cover all the important ones.Some people prefer the 6-10 page real estate commission issued contracts because its more official and addresses every possible thing that might ever happen.There is a wholesaler here on BP who doesn't even use contracts.

If you've found a niche that can generate these returns consistently in volume I think you have to ask yourself if there is a reason why other investors are not pursuing it.Some reasons that would keep me away: impossible to manage effectively, impossible to keep occupied, no consistent rental demand (or tiny rental market).

You may have addressed this in your operating agreement.

Probably more cost effective to demolish rear and close it up making it a two bedroom one bath.

If they maintain the files and make them available on line look up a property address.

It had actually been tried before, but number of problems need to be solved to make it effective.

My lease has an additional management fee that can be assessed if I'm required to address these issues and such fee becomes rent.

These questions need to be addressed to find what could be credited toward a purchase if the seller does not take funds to closing.How long are you and she willing to do this, how long would the option be?

Bill for a starter why do you think it is necessary to organize as a not for profit to operative effectively in this market?

I would probably not do this method because I am a dog lover however i must admit it would be highly  effective  .