I get that the upset price is the amount the price set by the plaintiff and court fees.

Quickly learned its completely 2 different areas and I want to be focused on investing, my goal is to get started in buy and hold rental properties to create passive income and financial freedom down the line.

The separate agreement can be very simple but necessary in case ever needed in court.

It is possible that if the deal goes south, the tenant may in fact have some equitable rights, and hang you up in court and possibly force an ejectment which is different from an eviction.Not knowing the laws in your state, I'd advise you to consult a competent real estate attorney and have them review (or draw) all the docs.

@George Evans I used Dimtriy and Sense Financial.

What your financial situation/credit score looks like 3.

Bottom line, that's a personal decision for you and your partner based upon your financial positions.

Personally I think it's gonna be a doozy, and I've heard economists and analysts say this time things are different - followed by those same people saying the most terrifying thing you could hear a financial analyst say is "this time things are different".

Recent events have pressed more of a NEED than a WANT- looking to get my brother-in-law into a flip or BRRRR-type property for a few reasons: 1) Get a young single father an alternative living arrangement to current situation 2) Allow him to pay down debt 3) Get him interested in real estate investing for lifelong financial benefit.

For this 1st transaction, you'll learn home shopping, financing options, budgeting, home improvement, ongoing home maintenance and financial budgeting.