Additionally, work with a highly experienced realtor who is familiar with similar properties.

The lack of communication between the different departments has cost me thousands of dollars.Good luck with wherever you end up and whichever company you choose!

If this property had been in one of the areas zone for more density they would surely have done a normal "Seattle six-pack" of 0-lot-line townhouses but instead they short platted 2 lots to still in effect end up with a six-pack even though in an area not zoned for it, at the cost of having to sell units as condos and deal with other ADU limitations (e.g. 1000sf limit).In 2023 the State mandated Seattle-style ADU regulations across all urban growth area cities/counties, going even a bit further (2 of any combination of attached/detached allowed).

So, you should be able to give appropriate notice to end that agreement. 2.

Since you live in New York, I highly recommend a property manager.

It will be worth it in the end!

The pre-foreclosure status is to be cured before the end of escrow, whenever it happens.

And it needs to happen fast, before end of this month. 

An annoying fee, yes, and eats into cash flow and profits which is why you likely started on this endeavor, but the lengths people go to try to avoid what is, in the end, only $800 seems excessive sometimes.So, we don't have all of the facts or copies of any documents here, but generally, a trust only governs any assets that it owns. 

Until you have experience in partnering with others on successful projects, I highly recommend working with your partner and an attorney to structure an appropriate, legal, and viable operating agreement, be it in context of an LLC or otherwise.