I lived and operated my REI business in portland for a number of years and am now based in Charlotte, NC.   

Now, someone told me that I could create an Operating Agreement detailing the arrangement with the contractor, the idea being to give the contractor confidence that everything is on the up and up, and he is adequately protected.  

The operator you go with is critical for a chance of success.  

Hey everyone, I'm clearly new to the forum but have found this place to be a trove of information and really love it here. I can't tell if I'm in the "analysis paralysis" stage, or just being careful. To start, I have...

If there is a facility, you will have a higher electric or heating bill....both to heat and cool the facility and to operate the units.  

I am currently looking for a multi fam where I will live in one and hopefully the other units will cover the mortgage and operating expenses.

It's my job to make sure the wholesalers I'm dealing with are doing business in an ethical manor.

This other investor is a fairly ethical man.

Just so you know, my goal is to learn to assign lease options w/o having to worry about getting in trouble with our local real estate commission for operating w/o a license.

The best advice I have it to study the state laws in which you operate.