Does the Managing Broker retain ultimate authority and ownership of all work performed under them, like a typical Agent/Broker realtionship?

And lawyers on retainer.

It's really funny, I started out months ago thinking exactly what you just said about my partner buying the property and retaining 100% ownership of it and I wound up trying to think about all these other ways of doing it because he doesn't want anything to do with the deal process.

I still can't believe that I would need to pay transfer taxes if I dissolved a 2 member LLC holding company and retained ownership in the 2 members names. 

I would like to retain long term or would be willing to sell if money was too expensive making the rental unprofitable.Any advice would be greatly appreciated .

Dear landlords,i really need your opinion on this one. there are some agencies here in Philadelphia ( and i assume in other states, as well) that help low-income/section 8 tenants come up with a security deposit. i heard mixed opinions about those agencies, some say it's very hard to prove damages to these agencies, in case one wants to retain the security deposit or portion of it.please, share your experiences, thoughts and opinions.thank you all in advance

You may want to have your operating agreement (and understanding between you) stipulate you as the managing member and the future bro-in-law a member.Since you're putting up the money and have more at risk you'll want to retain decision making control even if practically speaking you'll both will be making the decisions together. 

 @Daniel SmithDefinitely retain an experienced foreclosure attorney. 

It would be good experience to deal directly with tenants when starting out to get an idea of what a property manager experiences and at the same time retain the 10% you'd be paying a property management company.

Whether or not it's worth it to you to retain an attorney and potentially take on the costs of litigating the matter down the line depends how badly you want the property and how good of a deal it is.