She is also willing to pay 2 months security deposit and makes 3 times rent amount.I was in no luck finding any details on what should we do as a landlord perspective to make sure leasing to her doesn't comeback and end up as a mistake.I requested her to provide a court approval letter for payment plan for entering into the new lease.

You are buying the house from the seller, and the seller is financing your purchase while taking a security interest (the deed of trust) in the property.

I suggest using a password manager with strong security such as 1Password.

You should hire a handyman for stuff that requires a handyman (i.e, fixing locks, painting, minor plumbing work) and hire a general contractor for larger renovations that would require permits/licences/etc.Sounds like you know the answer...use both based on the particular situation.I'm in Chicago and use both on a regular basis.

My name is Chris and I'm working to secure my first deal, aimed at a small multi family property in Salt Lake County.

So for me this was just a learning excercise I performed regularly.

The key is to clearly document investor returns as performance-based debt, not equity, and to secure their position with a lien or deed of trust if possible.

There is no official IRS form so the best practice is to use a simple spreadsheet or tracking app you can update regularly and retain for audit support.

No fees + security + ease of use = go collect cash rent in person!

Title companies and hard money lenders can also be a great resource since they see who’s consistently closing deals.Networking has been key for me, many wholesalers don’t advertise much but show up at those events regularly.