If they are happy about it then you can easily Quiet the title using a follow up formal due process notice service. 

I know a lot of Mom and Pop land lords who fly under the radar don't do this properly, and there are precious few times the tenant would actually sue someone over this, and there isn't any formal auditing. 

Hello,Any lenders willing to share their invoice template (for points, fees) and lender instructions to escrow for a fix/flip loan in a non-judicial state.  

When its folded up (something small) two chairs fit around them and becomes a formal eating area. 

@Jamiru Mutebi Generally, most real estate investors put their rentals into an LLC to limit their personal liability in the event that someone gets hurt on the property and sued or to help formalize the relationship with the investment partner.

The actual timing of events may create some additional questions.I haven't received formal notice yet, but was told it was forthcoming.

When you are partners, you need a formal agreement for all the reasons you mentioned. 

It should all be formally drafted. 

A formal study wouldn't make sense given the cost of the study vs the potential tax savings for such a small property. 

If THEY feel you are being discriminatory, they can initiate a formal complaint...which you do NOT want.Presumably you want to add more properties to your empire...so you should get in the habit VERY early on, of not referring to attributes of people...all are just people.