She has substantial equity and wants to invest with me but her ex (common law marriage) wants 250k to take his name off.

This is common in California  Thanks for the reply.

Are there common red flags you’ve noticed?

it's common for tenants to supply their own appliances in Cleveland.

- For people who use LLCs/trusts, is it more common to have property insurance with the name of the LLC/trust?

It's not common, but it doesn't hurt to ask.Keep in mind, this is a method of determining how they maintain the rental.

@Melissa StanleyYour scenario is fairly common — "I've got the funds, you've got the experience, let's make lots of money."

Why would you want to file a partnership return instead of reporting it as is where it is owned as tenants in common.If you file a partnership return and have someone else do it, you are likely looking at a $700 annual cost.Reporting it as tenants in common means you report your share of the rental on your individual return and your partner reports his share on his individual return.

Any area can have issues, but pretty common in those areas. 

I heard Keller Williams or Compass are the most common.