Thank you for extending your helping hand to assist me with RE, very much appreciated. 

@Joshua Schneiderman, @Jerry Stanford and  @Mindy Jensen We have decided to use an attorney to assist with crafting a solid Operating Agreement.

Update 10/23/2015The occupant decided to accept the relocation assistance offer and they are moving out in November.In the meantime, the court case went ahead for the eviction of the former owner.  

I have been studying, implementing and marketing since June 2015.I grew up in a military family and spent most of my teen years in Silverton OR, graduated high school and joined the military (USN) myself.

Hiring an RE attorney to assist would be advised. 

I have 3 employees for the management division including a part time leasing assistant.

This is a great site and you will find all the assistance and advice you need to be successful.Sincerely,

Good blogs on equitable interest in the Harvard Law Review if anyone want to study it more:)

Let me know if you need any assistance in the chicago market. 

At the end of the year, they would need to send you a statement of interest you've paid to use for your tax preparation.Yes, you want an attorney to assist with preparing the proper documents and ensuring your loans are legal.Hopefully you're prepared to make good on these loans, even if your RE investments go south.