I would, however, hire a lawyer if there are other investors besides myself because the conflict at the managerial level is something that should be addressed and prevented ahead of time.

Here are a few simple steps you can employ to stay compliant & get ahead of the game:#1 Open an LLC brokerage & get an 'LLC Sponsored' brokerage license.Most states allow you to hire a ‘sponsoring’ broker as an LLC/Corporation.

@Abel Curiel Abel thank you for your response.. and I’ll go ahead and start looking into both..What a small world you might not remember me but you went to arts and business correct you played under coach Cohen.

So, this is probably my fault for not doing a better due diligence ahead of time.We got under contract early Jan for a closing date of Feb 20, and this is my first time buying a house.

I was actually about to click your post when I saw you commented here.Yeah, t-town is right around the corner here.

You will eventually meet someone in your area that you click with that will help guide you. 

Click on that and I will sort things out for you.https://www.biggerpockets.com/...  

Sometimes a verbal offer, text, or email are sent ahead of completing the paperwork with the most frequently negotiated amounts and dates.

In truth, we knew there were red flags with her rental history but we forged ahead thinking we had some additional protection because we share common areas with her. 

It's a bit too long to explain here and BP doesn't allow that kid of post anyway.So, You can click through to my profile for more details. https://www.biggerpockets.com/users/MikeM500