It helps but looking to see what others are doing.  

Text and verbal agreements are legally binding in Virginia (where the rental is).I really believe she initially intended it to be a year long renewal, as she also remarked she was very happy, as it is only a block walk for her daughter to school.She now has a boyfriend (he hasn’t moved in), and a house they want to move into together, so she is giving notice.

If the loan officer won't do that for you, you've got the wrong loan officer, find a new one.

Like anything do your own due diligence.

What type of questions do you have?

You will lose money on every part of that experiment, especially if you are doing from afar.

What does each member contribute, and what do they take out?

I still have the other property left and I think I will keep it at least for several more years.I have been doing necessary repairs and upgrades on the property that I still owe including some that I foresee I would've had to do in the near future.

Let them know what you are trying to do and they'll tell you what order to do it in or if it's likely to succeed or not.

How do you do that?