I'm not going to partner with someone who is not committed to "Partnering" (which to me is a joint effort towards a common goal--looking out for each other as well as ourselves).In a nutshell I am looking to be FAIR to the other person (as well as to myself) vs exploiting someone due to having an upper hand, and I expect the same from the other person.

You may benefit from an LLC or some other form of joint venture agreement.You'll want to talk to a business attorney who has worked with real estate investors.

There are exemptions to the FHA rules, but don't lie to meet one of them:Relocation (new job outside commuting distance)Increase in family size (number of dependents increases)Vacating a jointly owned property (divorce or break up)Non-occupying co-borrower (you are buying your own place but are a co-borrower)As you can see these reasons are very specific.

The ownership in the property according to online search is joint owned, by the defendant and an unknown party.

Another question that came to mind is that I wonder if I could utilize my dad's credit to secure a loan for the property, put me on the deed as a joint tenant in common with right of survivorship (this could be useful in that when he passes the asset could legally flow into my possession without being subject to any taxes), and try to avoid any risk of myself not getting approved for the loan.One last question, is there away that a ROTH IRA can invest a property that is owned by yourself?

At the end of the day, I genuinely don't understand why it's such an issue that I made multiple parts my friend.

News like this can be shocking (had the same news last month myself; tenant called me on the 30th and said her brother (joint tenant) fell off a ladder and couldn't pay, so tenant asked to pay her half that day, and again on her pay day 2 weeks away, or 10 days late).

That means that everyone listed on the lease is jointly and severally liable.

The mixed-use property was purchased in 2017 and is valued at $160k (I'm estimating at the low end but could be as high as $200k) with a mortgage of $67k, joint with my wife.The second condo was purchased in 2019 and is valued at about $70k with a $48k mortgage, joint with my wife.My primary home was purchased in 2013 and is valued at $150k (estimated at low end but could be as high as $170k) with a mortgage of $75k, joint with my wife.A few additional details:I have a credit score that fluctuates from 760-810I have no other debts other than the two mortgages stated aboveI have access to a credit line of $85k at an interest rate of 6.25%I have roughly $25k in cash that can be usedI want to grow my property portfolio quicker with condos in the $40k-$70k range and have additional questions. 1.

Mark and Tamiel Kenny are actually doing a high volume of quality deals and are genuinely great people.