The simplest way of course is that the home will be sold and the proceeds divided in equal shares.

There are other caveats but that is it in the simplest terms.

, and here is why: Boiled down to it's simplest explanation, at fundamentals, what is Wholesaling?

@Quinell Dixon I see you're interested in REI, and you're in Salt Lake City; I have plenty of experience investing in the SLC market.Here's my suggestion: start with the easiest, simplest REI strategy--which is house hacking (I don't count buying shares in REITs as "real" real estate investing, since it doesn't involve owning or operating an actual property).House hacking is likely the BEST strategy for beginners.

I'd spend some time trying to figure out how you can get either get a promotion at your full time job, or get into a line of work with a higher earning potential.The simplest path to do more deals with a relatively low barrier to entry would be to rent out your current primary residence, then buy a new primary residence to live in for a few years.

Legal and regulated shops promote the very specific ingredients in their products with much more oversight than users can get in "illegal" states. 

The obvious, simplest way would be to form the new LLC, then transfer the ownership/member of Homer, LLC to the new one. 

In the simplest possible case, the initial angel investor's convertible note would convert to 1/10th of the equity investor's claim.

In the simplest form, the buyer and seller do just as @J Martin says.

Is the simplest/best way to do this is to just have the an LLC acquire & hold the property and then have ownership and responsibilities defined in the LLC management agreement?