I don't see any harm in that for the job market other than we really should be taking a very close look at how we educate people for the future.  

The K1 distributions occur on the Net Profit, so it is invisible to all the members.

So, if your credit is not so good, starting over in a business entity gives you a "clean slate" so you build the entity's credit and not further harm your own.

All opinions aside, the property has been put under contract with a closing to occur next week and is no longer available. 

If the disability, insanity or death occurs before the notice of default is recorded, the notice required under this section must be given instead to the guardian, the conservator of the estate of the person or the administrator or personal representative of the person in the manner and by the time set forth in this section.

The agreement can say that you will pay her after 5 years or sale of property, whichever occurs first.If she doesn't like this, maybe she could quit-claim 50% or whatever value you decide on, to you.  

That and I'm hoping appreciation will occur.

I remember the debacle that occurred when Financial Freedom bought a bunch of TransAmerica RM's and then FF getting slapped around 15 years ago, then beat up again.

Repairs and maintenance costs will occur.  

The occupants will most likely answer the Summons & Complaint.If this occurs, you will need to be ready to go to court where he occupants will need to pitch their side to the eviction judge or other bench officer.