Originally, we'd planned to include him as an owner of the TIC (but not have him on the mortgage as we've already applied for it and gotten approved).

With all of the "high rollers" and influential legal types in Magnolia, they will find a way to get the Bridge replaced.

A successful short-sale typically benefits the borrower (homeowner) in the following ways: it can give them more time in the house (and payment-free); it is better than a foreclosure from a credit report perspective and wold allow him to obtain a new purchase loan for a new home in the future more quickly as compared to having it go through foreclosure.I would encourage you both to reach out to a local realtor with short-sale experience and have them facilitate the transaction, it would not cost you or the owner the commission as it would be paid out of the bank's proceeds.No, in a short-sale I would definitely not offer any payments to him directly that are not known and approved by the bank, you can get yourself in hot water and probably legal trouble by doing that on a short sale.

How exactly do I find a property, get a contractor or 2 to provide estimates, submit my application to the crowdfunding site, wait for approval and submit my offer within a reasonable amount of time?

Account Closed  If you are just looking for some legal advices and legal documents review, legal zoom offers a business advisory plan which is very reasonable  price and you will get access to their CPA’s and attornies for six months.All the best for your searchDisclaimer : I have not tried their plan. 

So I would do weekly pro-rated rent with prior approval of long term guests with maximum stay of 2 weeks.

What are your thoughts on its legality?

The legalization of cannabis in various states has created a niche in the real estate industry where the value of properly zoned lands and properties have been increasing at an astounding rate.

It looks like the next step in the Amazon HQ2 saga will be for a smaller list of final finalists (five or less)  to get their incentive packages approved. 

So unless it has appreciated by a huge amount in the intervening year, you might be able to take most of the proceeds tax-free.https://www.irs.gov/faqs/interest-dividends-other-...https://www.investopedia.com/terms/s/stepupinbasis...https://www.nolo.com/legal-encyclopedia/if-you-inh...Otherwise, if you live in it for another few months you could potentially qualify for the Sec 121 exclusion mentioned above ($250k single/ $500k married filing jointly).