Some may say too bad, make them learn...but I say give them multiple options to make it easier for you and for them.I work at a community with 350+ residents and many find the online rent payment convenient while many still prefer dropping off a physical check.I was doing the same thing at my 4-family...chasing cash every month but found it to be a huge hassle...I now only accept payment via Cashier's Check, Personal Check, Money Order, etc and it must be left in the rent box (located on the property) by a certain date otherwise a Notice to Quit is being sent to them.Best of luck!

When it comes to leases if you are going to customize them I would highly recommend having your attorney take a quick look, I know here in Oregon the laws tend to protect the tenant more so making sure you and your investment are protected should be your top priority and those forms are what is going to protect you the most.

For sanities sake, hire one.And to the Trolls, yes they still put my preferred Schlage locks on them.

Very user friendly and great customer service.

I’m a wholesaler looking to send my contracts for my deals and connect with local buyers and preferably in Columbus is vase but I will take anywhere with in a reasonable RadiusThanks in advance for the information  

Even if it's not an attorney, it should be a title company and I'd prefer something like ATG (which again, may be more like IL thing) that is giving you a policy on that so you are protected.

@Calvin OzanickI think it’s really a personal preference.

I would prefer the latter to try and maximize the results.

My point being that debt is fine and even preferable if you have cash reserves. 

@Kyle Johnson I agree with @Mike S. that the better option is to have it titled into a trust and then have the beneficial interest of the trust be owed by an LLC (Preferably a multi-member LLC).