CRE is a useless description, it covers so many asset classes and sub types.

Sorry but your description is vague.

Does your title policy describe the insured land by lot and block in the unapproved s/d, by a metes and bounds description or by the property address? 

Best description is limited capital, limited time Me: Limited capital (more limited than sibling); lives in the hottest market (Charlotte) and would do most of the grunt work, research, deal finding, financing, etc.Equity Structure per deal: - 10% base for all three - 23.3% for either capital contribution or performance of deal work- When an investment is sold, the original capital contributions would be returned to contributors and the equity structure would determine the profit sharingWe would setup an LLC to hold investments of similar equity structuresIf one partner does not participate in either capital contribution or performance of work, the other two partners would split the 23.3% unclaimedQuick Example using basic number assumptions: Parent puts in $50k capital to purchase $150k (w/100k mortgage) property and little time/work – 10% base + 23.3% + 11.65% = 45%Sibling puts in $0 capital and little time/work – 10% base = 10%I put in $0 capital and majority of time/work – 10% base + 23.3% + 11.65% = 45%Parent puts in $25k in rehab costsProperty is sold for $250k - $100k mortgage is paid off, parent is returned $50k capital and $25k in rehab costs – profits of $75k are split $33.75k Parent, $7.5k Sibling, and $33.75K MeIdeally, all three will be involved in all deals but this won't be our first or only obligation so there will be times when that won't be the case.

Any thoughts on what an accurate description could be?

Send an email to us and include the email address of your renter and a description of the records in question.

In the Greater Margins system i spend all day searching out properties that have feature like your describing hidden in the descriptions. 

Just find an architect who has small multifamily experience, design your three units, and move ahead, forget the other property, you could be waiting and miss the market.My thread outlines the development process on a small project similar to yours from your description.

We can see the Address, the Purchase Price, Land Description, Etc. 

Eventually, it was ruled that the cola trademark was a descriptive term and could not be held or used exclusively by one concern.