Make a mistake in your contract offer, use the wrong words or contingencies clauses and you will not reach your desired goals.This is why it is so important to be transparent, to make full disclosures, to be honest and fair.

Here are a few things / topics to consider:early termination clausepetssmokingrent increase limitsutility contact info (nice to have)required insurance for renter and list the ownerlist of of what is owner provided equipmentpotential hazardous products disclosure ie lead paint, radon, asbestosCondition of Property Assessment; include damage fees

Be sure to ask for her disclosure statement and also her investment guidelines, this way you can make sure she is not just putting your money in something you could have done on your own or in something just to make herself more money. 

A disclosure is that I do live in Lexington but do not own property here except for my own personal residence.

If think that would have to be in the disclosure at the time of sale and the new owner would likely sue his title company and deal with them not the seller but I could be wrong 

If you're going directly to a listing agent, just know that they are limited in what they can do to help you and the agency disclosure will most likely say that they are going to represent the seller during the transaction.With up to $500k for a down payment, you're looking at A Class multi-family in Columbus, OH and larger over 4 unit multi-family in B Class. 

No matter how many disclosures, excel sheets, and systems and processes you have in place, if they’re not someone who is honest and treats your projects like their baby, they are going to make your life miserable.

This why normal on a regular RE transaction is for seller to pay the premium for standard - Even though the policy is a warranty for all involved.Just the way wholesalers do stuff without disclosure drives me nuts since real estate is not like buying a used Fiat.

All advice here must describe the risk clearly and capitalized with full disclosure. in essense,Any variable-rate debt such as HELOC is only useful when mortgage rate is low, when the rate hikes, either sell or refinance to lower rate yield.

Hi Luke, Full disclosure: I work for Hometap, but I may be able to put you in touch with a homeowner that has used Hometap to bankroll an investment property.