Moral of the story, don't miss the payments, it isn't good form. ;-) Make sure you have Plenty of available capital.Regarding payments, The best solution is to have the payments go through a "servicer" usually set up with a title company.

Is there a moral obligation to disclose? 

The moral of the story for my history doing flips is     "the less I do, the more I make"

Moral of the story is to tell everyone who will listen that you're a buyer for real estate.

Thank you, i know that helped me, i currently am in the same predicament as Shawn.

This approach fosters a sense of ownership, boosts morale, and leads to better outcomes for everyone involved.Scalability and Team Management: Gary emphasized that regardless of the property size, asset management requires a similar amount of effort.

@Victor Morales in my county some notice of sales say they are suctioning off the “property or a lien” and it’s ambiguous which one.

Has anyone been in this predicament?

Moral lesson is to do your on research when investing.

Moral of the story, the best answer, since tax scenarios can be different among different parties and circumstances, you both should speak to a professional tax person to understand your liability.