Final payment cannot be demanded until the contract is completed to the satisfaction of all parties.Signatures of all parties.A clear and conspicuous notice stating: That all home improvement contractors and subcontractors shall be registered and that any inquiries about a contractor or subcontractor relating to a registration should be directed to the Office of Consumer Affairs and Business Regulation Home Improvement Contractor Program, with the Office's address and phone number.

To put this as professionally as I can.... some trades are "more professional" as others.

If it helps the thread, I am particularly interested in Massachusetts regulations. 

The advantage is the professional touch to acquiring new tenants.

It makes sense that real estate income tax would only be Subject to SE tax if you were able to claim Real estate professional, one without the other generally isn't how the code is written.

One rents to a mother / daughter and the other to a young professional couple.

No credit is available, but yields are 10-14%.I'm curious about the general attitude towards these kinds of transaction from American investors and other real estate professionals.

Having an attorney on you team will make you that much more professional to sellers and buyers.  

Suddenly I had enough money to pay my bills, with a cushion to spare, and—at the urging of my sister, who had been interested in real estate for a while—I came up with the audacious plan to buy my condo from my dad.I had been a homemaker for many years before becoming a professional author, and had relied on my husband to take care of all financial aspects of our marriage.

Following complaints from landlords it was renamed the Landlord Tenant Board however none of the regulations were changed to aline with the new name.As a word of advice to new landlords when a tenant does not pay rent on time it is imperative the landlord serve the tenant immediately (as in next day).