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

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

The rest is luck: did it rain that weekend and did we have the right buyers walk through the door, to push the winning offer just the last bit.. you can't control that. 

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.

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. 

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.

It's a far superior product to sheet vinyl and peel and stick vinyl products for a multitude of reasons.1) With most brands, you can't install it over an unconditioned space, it has to be climate controlled.

I cut costs,  maximized efficiencies, raised rents accordingly (that alone will increase my cash flow this year by about $1,000 per month); and streamlined landscaping/pest control/rehab work and on. 

As a landlord, you should vote No on Prop 33.Costa-Hawkins restricts most control laws that local cities and counties can impose.