Either way it looks like I will be doing month to month then and spending the extra money to give the resort atmosphere to include wifi, laundry facility, etc.I use my own lease that I drew up and fined tuned over several years after evaluating many other leases and through personal experiences.  

My goal is to earn 100,000 and to turn it into 1,000,000 by 30.

Whether you decide to purchase the property or not, taking the extra time will save you from having lots of headaches!

Another way is to use an LLC and admit the BP member, use an Operating Agreement, convey capital/equity as earned income to the BP partner.

We are very interested in the buy-and-hold game for passive income to eventually earn enough passive income to quit our day jobs (obviously with realistic goals knowing it will take years).  

Over the years of struggling in this business, trying to put deals together, working to earn a commission or an equity profit, I am blessed to have had the ability to be innovated and with creative imagination to invent systems, techniques and concepts that produced short cuts and made my job easier, rewarding and fun.Some things I have used or invented to help myself and associates to relieve the pressures of this business:A business card that people keep and play with and ask me for moreA Indian Head Nickel that has gotten the attention of bankers, prospects and many people who have received it.

@Megan Aldridge this is where you earn your chops. 

So these fees are earned by the PM.In a similar practice, I have to pay the management fee even if the tenant moves out during a lease period.

You want easiest avenue, with extra income, partner up on a Rehab.  

Adding extra walls or portions of walls would add to the cost of encasing them.