Here goes: I've just purchased my fifth contract-for-deed (CFD) and I'm now on a timeline where I save up and buy a new CFD every three months. 

You will need these for the 1099.I highly suggest that you obtain some kind of documentation of any work done. 

Contract is a normal purchase and sale.

If for example each lot is $50k and the cost to build the road is $5k and selling costs is $3k and $1k cost to hold the additional lot then you get $1k for the effort and risk of the purchase.  

It also provides a library of real estate-related legal documents you might need. 

I'm planning a move to NC and trying to make the smartest financial decision with my current home. Here's my situation:
NJ Home: Worth $525k, $190k mortgage remaining, prime location in Bergen County with easy NYC ac...

You will need an offer to purchase contract, promissory note, and deed of trust if you are looking to do an owner financed lot.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

What state are you looking to purchase in ?