If you pick up just one side you could file for a partition lawsuit to split your portion from the whole or try to hunt down the other party to make a deal or get them to agree to partition the whole.   

Francescon now lives in Illinois.Early in the crisis, cash-rich investors rushed in, snapping up troubled homes on the cheap.Big, Wall Street-backed firms and small players picked up homes by the thousands at bank foreclosures for well under $100,000.

They can leave you at any time and you have to pick up the pieces.

. $20 for business cards from Vistaprint then I taught them a simple script to use with their friends and workmates along the lines of: "I'm looking for houses to buy, if you know anybody wanting to sell please give them this card or get their number and let me contact them.

Was it just a simple Google search?

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Couldn't pick 2 hotter areas than that. 

It's a trade off they understand will be more profitable in the long run.In the past, I have picked up a lot of Landlords from eviction court. 

When you guys contributed cash, you should have recorded cash as a contribution in the LLC's books. 2) When you invested in the LP, you would get rid of the cash from your books and record the Investment in your books. 3) After the year-end when your investment entity (not your LLC) files a tax return,  you will get K-1 from your investment entity. 4) You will record the activity of the investment that is shown in the K-1 in  your LLC's books.  5) After the books are done recording the K-1 from your investment, your LLC will file a tax return and will issue K-1s for you guys. ( just like your limited partnership investment issued a k-1 for you LLC) 6) You will pick up the K-1s in your personal return. 

A "simple" question but get different answers from rent control office and property management company: is my unit under rent control?