But if you don't care about your single property owners, just stop wasting your time and their time and put a minimum of 5 properties requirement (or whatever other arbitrary number you want).

@Tim Krouse Ive answered this question in another thread, but it sounds just as good the second time :)The contract you will sign with your seller is a purchase agreement to buy their home.

As out of state folks like me, I can't deal with a $700 rental, minimum $1200 rents for me. 

Review their management agreement.

Being the first property, repairs were not a concern, but managing the rents and tenant agreements has been eye-opening.

The new PM company has another method, the rental agreement sign between me as the owner of the property and the tenants.

Good morning BP, Just closed on a property and putting together a leasing agreement for an existing tenant that has been month to month until now.

This goes for any existing leases, and tenant-at-will agreements.

@Kirk WatkinsPartnership entities have so much flexibility that you can literally allocate income/losses in anyway shape or form.You just need to find the partner to agree to the terms that you want.You would then need to find an attorney to draft up the operating agreement/partnership agreement.

We will add some new trim and do a bit more painting and coat the roof upon moving out, and will have minimum cash in this deal.