Readers are advised to seek professional advice.

@Andrew Nandee there's many details I didn't include for time's sake and sparing readers all of the additional property information. 

Sean and readers, this article is trying to just hack at legal concepts and they are not really revealing the complexity of the issue.  

I learn best from printed materials; I've always been a reader, and have strong visual memory for words.

Just to close the loop for any future readers - I talked to the attorney, and they were quite helpful.

I speak to thousands of readers on various topics on this forum, that was not meant for you personally but to the thousands of newbies who have certain biases getting involved in RE.

Hello- First time poster here but pretty avid reader of the forums and looking for some feedback on renting out some townhomes.  

Curious what the readers think of those theories.

By the way, thanks and you're welcome :) Bill Gulley - now that BP has "vote alerts", the vote vs mention really doesn't matter much anymore, except that the vote count is visible on ALL posts you've made - so that gives readers in other topics an indication of "worthiness" of your posts.

Another aspect og getting someone to agree to something because you can negotiate it, I guarantee that has great potential of blowing up later on.Again, if this thread were a financing thread, I'd be happy to drill as deep as anyone wanted to go, but I'm not doing it for the sake of argument on opinions by a few where other readers will never find as valid information.Saying that any reader of this thread needs to be aware that it contains some real issues that are apparently not obvious to those posting.