Recognize that with new ownership, a power shift will need to occur, especially since it sounds like the tenants have not had to follow rules.Your fire- pit- installing tenants may end up being more problematic than you anticipate.   

Would I be able to file for joint ownership with myself and a legal entity with the member of the entity being my friends who will stay with me?

It seems like I get shared ownership in a diverse portfolio of multiple properties.

One of the tenant has a expiring lease on December  but already stated they will be renewing lease with us after we take ownership.

I remember reading on here that there are ways to separate cost of utilities based on ownership %, or rental % etc, But I cant remember the strategy, what it was called and so on.

I started with Sotheby’s and they were taking half of my commission, I’m currently with a small broker where I get 70% and I will soon be with EXP Realty making 80% and have the ability to make 100%, with passive income potential and stock ownership.

Keep the estoppel in your tenant file, you may need it if the inherited tenant starts making claims after you take ownership. 

B NOW HAS THE MONEY C HAS LENDED, B THEN TRANSFERS ALL THEIR LEGAL OWNERSHIP OVER TO C WHICH COMPLETES THE LOAN AND EXECUTES THE B&C CONTRACT.  

@Jay Hinrichs 100% agree...these rates have pushed us to buy a bit more than I was comfortable with, but there cost of acquisition and cost of ownership (which includes the drag from financing) and though the deal was OK on the buy, the financing makes it a winner.  

If you cannot rely on this level of competence then you have not delegated the work to the tiler and there is no ownership by the tiler.