I watched Chris Goff's webinar and have signed up with REIPro to educate myself on wholesaling and I am eager to get started.I would love to network with other Real Estate Investors in the DMV (DC-Maryland-Virginia) area and do joint ventures together. 

It didn't help her situation that she submitted a picture "of a wet basement" that showed no water, and her daughter actually confirmed that there was no water.While it's possible in your situation that some moisture from the roof leak may have contributed a bit, the underlying cause was the heat from the blocked dryer which was due to negligence by not cleaning out the lint trap.If it's one lease with all 4, and you have a "joint and several" clause, I'd name all 4 in a suit.

The risks are what I need to know more about as well.Below is what is stated, regarding distributions, in the Joint Venture agreement that she sent:10.

We had previously set up a 50/50 Joint Venture agreement on a 4-plex.

@Luisa Mendoza do u mind sharing the tradeline company you used?

On the other hand if you plan on more than one joint venture it costs less than 500 to set up an entity and pay for the licensing for a year.  

Note my Lease states that I write a joint check and mail it to the first tenant alphabetically. 

@Henri Meli thank u for the reply, Would a multi family with 2 units be considered residential?

While lists and records are efficient, driving around town is the only way you'll find U-Hauls parked out front!

IF the judge falls for it U can get $$ back.