When folks tell me about success and they got ( cash now), they usually also invite me to a Party :). 

You signed a legal binding contract that can not be ignored simply due to a personal decision where by you now do not wish to live in the building.

It is the classic I will be there on Tuesday to begin sheet rocking your project followed by me receiving a text informing me my helpers want to attend a Halloween party so I cannot make it Tuesday but will be there 1st thing Wednesday morning. 

Agreement will be affected by number of other factors as well so its better to get a legal consultation. 

I should add that I am in California, but if you follow the rules and read the contracts (and have an assist from a legal team), its not that bad.

Maybe I am overthinking this but was trying to think in terms of the principles of consolidations and was curious what everyone's experience has been and the flow of funds to legal entities. 

You also may have less legal standing in the country (for instance if your 51% partner decides to stop paying your share of the cash flow).

I set up a date to more or less have an open house for interested parties so I can meet the in a set timeframe. 

just take a QC  and transfer the legal description from current deed.. and have your relative deed to you. and if there is a place for consideration just put 10.00... its on the county transfer form that you need to describe its between relatives not on the deed itself.. at least I have never seen it on a QC and I have done them in many many states.

I’ve had that happen to me s few times and what I have done is I write an addendum to the lease stating who is leaving and who is staying in the apartment signed by both parties.