My state has a specific law about "contractor fraud".

The tenant in common nature of the ownership would tell me that you would only be related to your mother in laws portion at the most. 

The PM should be an expert on state law, and they should have policies and procedures in place to handle these situations.

@Nick AmYou also may want to consider other matters besides taxes, such as state law requirements for management companies and serving as a property manager, especially with a tiered structure.

Even if we provide you with an answer to this question, there may be other laws you are ignorant of.

Any potential or existing Broadstreet investors should be aware that the SEC recently filed a lawsuit against the fund and its principals and asked the court to issue a temporary restraining order, appoint a receiver, and order an asset freeze.

I especially liked Matt's process of creating my business plan as it forced me to really think about it, get it right and make it easily understood by my clients.His process for the offering also made me think about transparency and other ethical issues that are required by law to be disclosed in the offering.

Here is the email received"An internal audit has been completed for STR permits and our records indicate that your STR permit was issued in error due to exceeding the maximum 12.5% blockface density.

Issue is, in these "bad" deals the government comes after the lease option seller for predatory lending practices and the eviction / foreclosure process is a nightmare.

I'll send you a DM on a recommendation for a law firm a lot of our clients use.