That is the vehicle most commonly used to establish and enforce the operating rules of any sort of partnership.

Want and ability are two very different things, sort out which this is before you waste a ton of time on details and logistics.A tenant that wants to buy a $300k house for $150k is not worth your time ironing out all the details, once they show you a preapproval letter for what you are willing to sell for then you can figure out the rest.

I prepare for the worst and hope for the best.

Or not until you have actually spent that money on some sort or repairs.

(Roof, Flooring, Plumbing, HVAC, Parking lot) When you analyze deals you should always go for the worst-case scenario.

Sounds like a good plan to follow.Prepare for the worst and hope for the best.I am considering shutting down my vacation rental for a couple months or only renting to instate renters.I have turned off instant booking on both Homeaway and Airbnb to prevent people from hot spots renting per the SC governor's orders.I don't want to perpetuate the problem at the sake of making a buck.

If anyone can help or has had any sort of this type of work done by someone the trust please recommend them to me.Thank you everyone and please stay safe.

I don't think I have any sort of addendum.

We are getting our financing sorted so we can invest in some new rental properties, and have a duplex in Denver that has a ton of equity in it.

Keep breathing, see what sort of assistance is being offered to renters in your community and be willing to share that information with your new tenants as well.