Tenant leaves belongings in unit (do everything you can to ascertain whether they are comming back for property [if they still have time before the deadline], and document in detail all you do [in case they say you got rid of their family heirloom thingamabob]), any expense you incur to deal with those left behind belongings very well may be justification for charging against the security deposit.Also, just a note - many landlords in OH do not know this, but OH law requires landlords to mail to the former tenant a written accounting of how the security deposit was spent (i.e., what % refunded and what was spent for what).

There are a thousand of these details that I will gladly walk you through in this thread if interested.

This can let you get more details about the condition, size, and amenities for the property.

Dan,It sounds like your friend approached you and is already willing and able to invest with you, so I am not sure an "initial letter" is needed here.The most important part is your operating agreement if you choose to form an entity in which you both are 50% partners or a well written joint venture agreement if you use your own entities as partnerships.These contracts/documents should stipulate all teh duties of each party, death survival verbiage, insurance, and all details of the deal process.

I would be happy paying 3-5% fee as long as the advisor was reputable and successful in the past.

Can you give me examples in detail.

For confidentiality, I will not post details on BP.Alternatively, although I have connections with many hard money companies nationally, I'd like recommendations from anyone with a positive experience with one of the national companies, so that I can find new sources.

Unfortunately, sometimes the reputation that HML's have is justified.

In case a claim is made for unpaid rent, the customer details provide all the billing and payment to date.

I should have explained my financing situation in more detail.