Another legal barrier is the joint ownership (joint tenancy), once done, cannot be undone without the other owner's consent.  

In emergency, situations a firm will protect the property and make the necessary repairs without your consent.  

She responded saying "clearing the check is legally binding as a consent to accept the prorated rent". 

Since the seller has a sizable mortgage, I doubt the mortgage company will consent to seller-financing...

If you get in some situation where actions of any kind are necessary to force a member or corporate officer out, it will be an adversarial issue to some point, it is not a pleasant thing to fire someone and splitting the sheets in business is much like a divorce of a marriage.Now, if there is mutual consent, it can be easier, but it's still a divorce and both will be admitting failure of their initial intentions.

Exits are pretty much the same, a sale and what you have depends on how you transfer your rights, L/O you assign the option, Sub-2, you sell with good (or limited title with consent of your seller) as a purchase transaction.

However the court had filed the "consent judgement" from nearly 2 years ago when it went on short sale from previous owners and made the record online.  

Any financing agreement can not be assigned to another borrower without consent of the lender.

The assumption is that the credit is pulled with consent and in conjunction with an application.  

I had to have something to work towards and if I just kept pushing myself and not quit I can see that good things are starting to happen.Biggest Advice to NEWBIES: Do not try to sell other people's deals without their express knowledge and consent.