I was scrambling to find a lawyer to help draw up a lease because they were all really busy.

I agree with you entirely on the idea that paying the consultant to come out for inspections and to sign off on draws for work completed is well worth the cost, especially if you do not have alot of experience with renovations!

Don't forget there's lots of Boeing employees to draw from too, though be mindful that 737 max's are assembled in that plant in Renton.

Im wondering how many other investors out there work with their spouse and how you divide the responsibilities of your business.

It is extremely transparent in intent and will draw the ire of the judge for attempting to circumvent the law. 

Also, what is the difference in tax rate when you compare rental income to owner's draw payment (or self employment tax)?

@Dan Gustavson zions bank offers heloc's for rentals as well: 80% LTV, 10 yr draw period, interest only payments, then 20 yr payback. 4.8% + .94%.

You have a $1,200 line of credit that you draw on $100 a month and at the end of the year pay annual simple interest and the principal in full.

He’ll get an attorney or CPA to draw up the paperwork.

Current property cap rate - current NOI divided by asking price.