We will have a formal rental contract with the tenant and plan on a minimum of a joint venture agreement to cover ownership and equity, finances, management and responsibilities, decision making and resolution, and exit strategies. 

It’s crucial to approach this request with care, taking into account both legal and personal factors.Review the Current Lease Agreement: Start by examining the existing lease to understand the implications of such a change.Contact the Other Party: Inform the tenant that you will need to reach out to the other party for their consent or to discuss the situation.Assess Tenant Qualifications: I strongly recommend revisiting your current screening process to ensure that the tenant wishing to remain meets your criteria and income requirements.This approach allows for a thoughtful response while upholding the legal rights and obligations of all parties involved.

.• Use a full background screening, not a single data sourceAt a minimum, look for credit, nationwide criminal history, eviction records, and judgments or liens.

When they moved in I had them sign an agreement about care of the laminate.

I'm looking for a rent agreement and lease option agreement that has been proofed for use in Arkansas.

You asked if you can purchase a rental property through an existing LLC and how that works with financing or using a Debt Service Coverage Ratio (DSCR) Loans.Yes, you can buy a property using an existing LLC although you may want to have a separate LLC for each property.DSCR loans require you close in a LLC.You can write the offer in your personal name and state in the contingencies that you may transfer ownership into an LLC at closing.DSCR are great loan products but you do have to have the minimum to put down and a decent credit score.Many of our busy investors prefer these loans to a full doc conventional loans.To Your Success!

Your signed buyer agency agreement should make this clear.

You can be evicted if the agreement was breached, provided it was a lawful agreement in the state you are talking about.

SEO is a long term game that will take 12 months minimum to see any benefit.

Depends on size of property on minimum night stay.