Your portion will be deducted from your proceeds.To your question, however - if somehow you managed to avoid paying the taxes and closed without the taxes accounted for, then the new owner would have to pay all of them or would have a tax lien placed against the property.

Future rental income is not able to be used.Keep in mind that retirement assets (401K, IRA, etc) are eligible towards reserves, and so are any other investment accounts.Rental income is only used towards the income portion of qualifying, not towards assets.Hope that helps. 

I gave my portion from the commission so nothing out of pocket for me. 

How would I advertise the spaceI was also considering buying a few tiny homes and placing them on the empty portions of the lot.

This can be done either by sourcing deals and offering them to the community in exchange for a portion of the GP, or by raising capital for others' deals.

It would be interesting to do an analysis on the 10-20 year return pattern of cashing out a portion of your funds, pay the tax and invest in potentially better performing assets vs the REIT returns. 

Funds will be automatically applied to unpaid utilities prior to rent.In the event unit #A is vacant, utility charges will be the responsibility of Tenant in unit #B with a 5% reduction of bill*, until unit #A is occupied and then billing resumes on a pro-rated portion, as described above.*5% of utility bill to be paid by Landlord while unit #B is vacant.

Talk to an attorney about selling your portion to her on a Wrap instead.

Usually, this is pretty typical to have the lender finance the majority and the seller finance a portion with the investor coming out of pocket with somewhat of a down payment in commercial real estate. 

COJ defines short term rental as 30 days or less.It is still not clear to me whether rentals impact homestead exemption if you are living on the property and only renting a portion.