Discuss the set up and admin with the Trustee before naming them and incorporate the admin in the trust agreement.

15 grand later, i found this out...You are looking at the job like "man, work for free and then take 3 years to just make commission when i could be getting 100k passive".....However that guy buying the property may have taken 10 years to get to the point where he has enough knowledge, savvy and capital to even close on such a property...the commission job could get you there even faster...or not, but don't be scared just by the time and lack of income initially....i would not even look at that opportunity as a "job" but almost like FREE SCHOOL on how to generate hundreds of thousands to millions selling real estate and building knowledge of contracts, deals, market analysis, yada yada.

Also if I need to have a repair man access something up there I don't want him to charge for having to move the tenant's stuff. and telling them to keep a clear path is subject to their judgement on what that path needs to be.

The agents, loan officers, home inspectors, gurus, and even the tax man all make money when you buy.

Finally my friend got rid of the stuff, but then a year later the man showed up asking for his belongings.

I'm pretty open with my tenants, they love my old man(Probably more than me), so I always bring him over. :)

I just use a broker to place tenant then handle it form there just need a really good handy man and your set.. defiantly cannot do that on B and lower though

ON the flip side your perspective is as a localjust like @David Krulac  you guys will never pay what a west coast turn key buyer pays.. because you are the middle man or the developer..

I am a little scared to review my spending habits, but as they say,"The brave man is not he who does not feel afraid, but he who conquers that fear."

@Andrew SyriosI appreciate it man.