Push them too hard right after closing, and you might face a surprise vacancy during slower rental months, costing you more than the gradual rent increase would’ve gained.Instead:Meet the tenants, be fair, and build trust first.In three or four months (especially after all those winter holidays), approach them with a small increase-maybe $100-and ask them to commit to a new 6 or 12-month lease.

I'm young and still new to this so I really appreciate any advice, especially since I've never done a flip before.What I’m Looking for Advice On:Partnership & Profit Split:What percentage of profit would be fair to give my silent investor for putting up $35k?

Although in fairness they offered to give us the tenants details so we could try to collect it on our own!

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

Certification is very straightforward and most of NARR's affiliates offer free training.3.

It really underscores the need for relationship-driven capital and fair structuring.

You may also have a fiduciary liability to let a seller know that fair market value of their property, which you are trying to lowball them on.

Lenders like clean, straightforward ownership when you’re doing DSCR loans anyway.So yeah — no wrong answer here, but for a first Missouri deal, I’d go local, stay simple, and keep your sanity.

Again, I’m not looking to pitch anything or collect DMs here; I’m trying to sanity-check what a fair JV framework looks like when a family has a transit-adjacent parcel with SB 79-type upside but no development capacity, and wants to avoid getting steamrolled in negotiations.

Is that fair and legal?