Needless to say, many parties are involved, and they all need to be established and verified, or your business will suffer greatly. 

Furthermore, this is a minor issue that shouldn't require your involvement at all. 

Those numbers are arbitrary unlike taxes and insurance and they vary based on age, condition, area, landscape, PM, and other things.

In the case of GEG, we let our members know we did not have a track record with them - they were new to us and just being tested - and therefore it was even more important to perform thorough due diligence since we can't be involved in the transaction. 

I’d love to connect with investors who are experienced in flipping, renting, or managing properties—especially those in or close to the New Jersey area.If you’re involved in property management, real estate investing, or anything related, I would appreciate any advice or mentorship you can offer.

Since your parents seem open to your involvement, I would start start small. 

Staying involved in a business partnership while dissolving the marriage will rarely work.If you split the properties, I recommend hiring a good property manager.

Changes to local landlord/tenant laws and new situations involving tenants lead to these annual updates.

I've never done one personally but my understanding is it involves the home being put into a trust, with the sub2 purchaser buying the trust from you.

If I have a JV with other investors and we need to pursue legal actions, I always involve the other investors when interviewing attorneys.