The problem is all three co-signing parents insisted on a 10 months lease.

The code enforcer was doing some random inspection in the neighborhood, and stopped and asked one of the workers heading into the house what they were doing.

@Brian Van Pelt makes a great point that will that can often be applied to to friends, family, coworkers or anybody you have a meaningful relationship with as relationships can sour just as much or more than a potentially failed investment, which is often enough for a person to avoid helping loved ones when large sums of money are involved.That being said, since you're looking at the risk vs. reward in this scenario, it could be structured in such a way that definitely limits your downside and maximizes your upside. 

Sarasota co. states if your the high bidder and the defendant mentions Bankruptcy after the auction,                                The county has earned the auction fee and the Winning bidder lost 5% of the winning bid.

If you co-mingle the funds, courts can collapse the entities and state that there is no limited liability with those companies.

I was able to talk with the father who co-signed on the loan originally.

In KC or in Colorado? 

Looking for a Meetup group in Longmont Colorado area with a good mix of commercial and residential.

I'm curious what the scene is right now with wholesaling in colorado at the moment?

My husband and I have been turning a few properties in Colorado.