The SEC and at least Texas' Blue Sky laws have no bearing on if you partner up with your friend, your family, or even a complete stranger for a 50/50 split or 20/80 split or even a yearly percentage payment (i.e. 12% a year on the investment).

There is trust needed on both sides of this transaction for sure.This is where having sellers with the proper motiviation comes in handy - takes some of the "trust" issues off the table is they see no other way out (or if there really isn't any other way out).But her fears are real - I wouldn't just discount them I would understand them and make sure she understands you get them - becasue it is 100% true if you walk from the deal (and she would have no control over this - she is placing all her trust in you - a stranger) then she is right back where she is now....The "good" news for her if there is any is that either way - she loses her home now or you lose it for her later she is in the same spot - at least with you she has a chance.

I was able to get permits to rebuild a 2 story addition once using this process in Baltimore county, I imagine you'll probably have success with it for just framing in a door.As far as the assessors are concerned, I don't imagine you'll have any problem, but then again stranger things have happened so I wouldn't dare say for sure that it will be ok.

Moms and dads might be willing to do that, but a random stranger is going to have to be well compensated for the risk.The reality is your daughter is trying to buy a property for which she does not qualify.

One note, it is even more important to use an attorney when working with friends and family then when working with strangers.

Theft of fixtures becomes major risk in foreclosureshttp://www.azcentral.com/community/ahwatukee/articles/2009/09/08/20090908junkyhomes0908.htmlThat AZCentral.com article describes some problems with foreclosures in Phoenix, AZ,"Julie Halferty, a special agent who oversees the Phoenix FBI Mortgage Fraud Task Force, said no one knows exactly how many foreclosed houses in the Valley have been stripped by former owners, neighbors or strangers.

I don't want the new tenant (a stranger) to be responsible for keeping me in good credit.

With all the information available online, you'd think people would get a clue and look things up themselves instead of just believing what a broker/friend/stranger.

I have gotten so much information from complete strangers (dont take it the wrong way) then people I have been working with all these years.....

So don't be surprised.And most of them don't want some strangers poking around in their stuff (did I sound enough like a tenant there).