Termination of a month-to-month tenancy is typically controlled by state statute.

Use this turnover as an opportunity to research and find a manager that can stabilize the property and take control of the situation so you can focus on other aspects of life.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

KevinThank you so much for your thorough, thoughtful, precise, and honest response.

I feel like it’ll help clients feel more in control of the process, especially when they have busy schedules.Right now, I’m actively looking for ways to connect with new buyers and sellers without going overboard on spending.

I sell FSBO to control the transaction and who walks through, not to 'save money '. 

Values drop, sometimes drastically, rents go down as quality of tenant declines; cost of operstimg properties increase, and governmental interference, especially in the form of rent control, can slash values and profitability severely. 

I would think very carefully about ceding control over the investment given you are all inexperienced.

Remember you don't have to own a property to control it.

It would be a lien placed on the entirety of the property that is deeded in both your names (or in your entity, if you closed in the name of an LLC).If you plan to take full control of the property, you could refinance in your name/entity alone with a cash-out and pay your partner off with their equity share.

More precisely, thanks for voicing my sub-conscious thoughts lol.