After the one year rent guarantee runs out the buyer, almost always distant, discovers they have bought a property at an above retail price that needs continual maintenance and doesn't rent for anywhere near what the seller claimed.

How do I ensure I am not liable for claims that their property is damaged because of me?

After a small amount of research, I'm thinking we can use a quit-claim deed to transfer our half of the condo to the buyer.She is going to give us our equity ($32k) in cash.Anyone see a problem with this?

Regardless of the length of time of non-performance of a borrower they will have rights of redemption and a basis for claims to excess proceeds from any foreclosure sale.

Did the neighbor have homeowners insurance - seems like a simple claim with them.

Insurance claims reports also show firedamage being paid through insurance, although I could never find any evidence of anything being burnt.

The homeowner claimed the house in still in really good shape, the tenant has been good at paying rent and even proposed a lease option to buy, and the appliances were all new and installed upon creation of this property.From this, I wouldn't imagine maintenance would be too much of a problem; neither would major replacements or repairs.

I have talked to her about RE tax benefits and she claims to have many clients with rental properties.

Actually, it's not misinformation, the claim is most investors hold till death, not sure that's really true, but what Bill stated is true and another point to consider.

That is if you have a valid claim or complaint, but you need to understand where they sit.If you don't have a license and don't have an agent, you could contact the seller explain his agent is failing to follow up and see if you can cut your deal, very tactfully.