@James Wise- sorry that happened to you guys, man.  

Is the investment property the only self employed income you have.Is the trust only you, joint or with someone else in your family.How many mortgages do you have and finally is your last 12 months stronger income wise than a 24 month avg?

I turn the other cheek as to what "business" he does there....I have been collecting rent from the house and the studio, and break about even money wise, but I do not want this property in my life anymore, and I worry about the liability.The options I am considering areFinding a buyer and paying off the difference out of pocket...ouch!

The fact that you are talking about SFHs makes it easy to find other investors which can buy independently especially if its a good deal.Paperwork wise, you will need contracts in place.

I turn the other cheek as to what "business" he does there....I have been collecting rent from the house and the studio, and break about even money wise, but I do not want this property in my life anymore, and I worry about the liability.The options I am considering areFinding a buyer and paying off the difference out of pocket...ouch!

@Laura Williams - thank you for the wise advice.

Would it be wise to attain a license as an agent or broker to further my knowledge of real estate transactions?

My goal is to soak up as much information as possible in order to make confident and wise real estate investing decisions.

I rarely find anything on my own.. except subdivisions etc.. other wise I share the wealth and let those folks do the pounding of the pavement

There is no consistency, and none should be assumed.In addition to your excellent relationship, it's always wise to protect yourself and maintain a stable of lenders, large and small.