nope just do a simple LLC agreement with both of you as managing members or you manage him member and spell out the business arrangement in the operating agreement that is simple no need for PPM if its just you and one investor you know.  

Hi Guys, Do you have an attorney in NJ to recommend to draft a simple lease option to buy agreement?

However, need another set of eyes to review a lease agreement I drafted using LawDepot.com.Any attorneys in the DC/Maryland/Virginia area you recommend?

However, need another set of eyes to review a lease agreement I drafted using LawDepot.com.Any attorneys in the DC/Maryland/Virginia area you recommend?

“ADVERTISE”Before beginning the rehab (perhaps during final estimates and planning), start advertising the property via a third party or something with a time stamp.

Or, you can make an agreement with the homeowner to get the information you need for the 2nd and pay them a "moving fee".

Hi BP, I’m stuck and could really use some help, when dealing with code enforcement leads, witch status should I focus on most to find the most motivation: Docket Information:-Not held but resolved-Dismissed-Continued-Return of service-Voluntary Dismissal -Civil Complaint-Defendant Defaulted-Amendent Complaint FiledCase Disposition:-Voluntary dismissal-Finding and order-Agreement-Pending

Ask for a copy of the rental agreement that they may have. 

Obviously I will get hard written contracts before finalizing anything.I'm calculating my Cash on Cash return at about 30%. 

If you DO include any utilities, you MAY be able to leave these outside the lease agreement.. example, lease reads no utilities included & agreement X reads they pay you $____/ month for ______ utilities and that you may change this rate with 30 days notice.