The lease would indicate maybe a 5+ year term with 5 year renews with the exact payment that you are receiving from him.

🔹 What markets are you most comfortable in right now?

They are exactly what I needed to hear to feel comfortable using the forms.Todd, would you mind sharing with us what those amendments were?

Hi Michael,I’m a local investor and comfortable dealing with rental properties, tenants, and the LTB.

On the other hand, she acknowledges the extra work I'll be doing, she is open to discussing it, and I probably wouldn't lose that much sleep if I was getting just a little bit of a better deal than her AND knew that she was comfortable with it.The other reason why I am hesitating about this is because I'm not sure how to document the property management relationship. 

If the licensed mold inspector indicates mold that is dangerous you could post a 7 Day Notice of Termination due to Mold.

We will also be investing our own capital into the deal alongside our limited partners.This will be our first time sponsoring a syndication, and we’re looking to connect with limited partners (passive investors) who are comfortable with smaller deals and new sponsors.

Since you’re looking for landlord-friendly states and minimal rehab, I’d focus on markets with steady cash flow where you can run the numbers conservatively and still be comfortable.

A non-admitted carrier might offer cheaper premiums if you are comfortable with the carrier offering the policy. 

Then have a conversation about raising the rent and what they would be comfortable paying ONLY AFTER YOU ALREADY TOLD THEM WHAT THE MARKET PRICE IS.I do not agree with anyone who say raise by a percentage every year.