I'll also require a non-refundable pet deposit, all dogs be spayed/neutered, up to date on vaccines at time of lease execution, and renter's insurance that includes pet liability coverage.

Since we have to sell our "interest in the fund" to get that full benefit, we'll need to execute a portfolio sale (rather than selling each home as a single asset) when we decide to exit. 

I’m interested in hearing ways people (that have executed partnership agreements) have structured deals with partners bringing the financing to the deal.

I’m interested in hearing ways people (that have executed partnership agreements) have structured deals with partners bringing the financing to a multi-family deal.In my case, I have investors interested in partnering with me on off-market multi-family property I find that exhibits upside in appreciating areas in my market (Columbus, Ohio).I typically only require the financing partner to bring the funds, and I am responsible for everything in between.

It is a very simple process that is very very difficult to execute.

Part of evaluating a good deal is knowing the person executing the plan has the experience and ability to succeed.

In this day and age of heavy government interference in the market, of legal actions being brought for the slightest infractions, of lack of personal responsibility, it is suicidal to enter into a loan agreement as a lender without legal representation.Also, in reference to the advice given about the proposed transaction not having to comply with consumer protection laws; if the borrower decides to move into the house and make it his primary residence, and resides there more than one year, you will have to comply with certain provisions of the act related to making a good faith effort to modify the mortgage AND will have to comply with state homestead laws, all of which MSY be avoidable with the proper documentation executed by the borrower.  

Mostarrorneys will likely use the local realtor contract, or something similar.Yes, just give him bullet points on all the relevant items.....price, EM, financing contingency date, inspection period, closing date, etc.You bring your executed contract to your lender, you could get the actual application and fill it out before hand though, once you have firmed up the numbers.Don’t the cost for using the attorney for this part, probably $500, plus whatever their normal “review period” fees are.

I am an executive compensation attorney in San Francisco, CA, and originally from Louisville, KY.

Their criteria doesn't change; they want the highest price possible *given they have* execution certainty.