You could have a tenant 10 years into the future file a complaint against you and use this post as evidence.Good luck with your issue and hopefully they pay for the damages.

So far I am just using a standard Purchase and Sale Agreement w assignment option. 

How have I taken the plunge:1] I have visited 2x single family homes in the past 2 weeks.2] I have visited 2x duplex properties today [See attached file for the duplex of interest].3] I have obtained bank pre-approval for a loan. 

You will need to ask a lawyer licensed to practice in the state where you filed.

You'll want to see Zillow's disclaimer on its Zestimate; it's about 12 standard deviations from reality...so it's a good quick guess, just not too accurate.  

Do these terms seem standard to you guys who either are moneylenders of have done this type of partnerships before?

Or should I just go file to evict right away?

If so is there a standard fee?

I would call a number of banks and credit unions around the property and see if there are any better loan terms but this is standard.

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