@Jaime Frausto As @Stephen Fryer was saying, lease option assignment or sandwich lease option could be a better plan than buying and lease optioning.There is less risk with the assignment, you as the middle man are on the hook with a sandwich.

Add incorporating the rental into a business such as a small assisted living facility.

The terms are not comprehensive and we expect that additional terms [including reasonable warranties and representation,] will be incorporated into a formal agreement (the “Agreement”) to be negotiated.

Ego and Greed do kill a man...But I keep a tab on all my props and my attorney follows up with their sales.

Vancouver Canada,Im also a business man in the marketing industry.

A fixed term lease, OTOH, can not be changed during the specified term unless step-ups are incorporated into the lease.Just google "(your state) landlord tenant law" and you will find the state requirements, which generally will not be contradicted by city or county WRT notification periods.At a bare MINIMUM, any new landlord must read and heed this basic local info before taking ANY actions.

if I pay my brother or young cousins $10/hr for demo or cleaning work, can I write that off the same way I would for any other contractor?

How about if I were to replace a range hood or other appliance with o...

I actually did purchase the two J Scott books as well, haven't had the ability to put all those tools to practice yet but I'm looking forward to incorporating them into future experiences.

I'd love to explain more about my childhood and how I've always wanted to become a business man but that'd make this first post extremely long and boring.

Don't mess with them lawyers man...