I don't know of another industry that creates the tremendous rewards real estate investing does, but you have to work for it.Here's wishing you tremendous real estate investing success!

(Susan L'Ecuyer, 20 years in business).Real Estate Goals: Make well informed, spectacular deals on Single and Multifamily properties, meet incredible people along the way, build wealth through REI, and creating enough passive income to become financially free.Learned about BP through a family member who does REI.

Unless there was some type of fraud in creating the lease.

You can use Globiflow (included with the Podio Premium tier) in conjunction with your email server to send emails.http://www.globiflow.com/help/action-send-an-email...Globiflow is also commonly used to create & send PDFs (for offers or other documents). 

Or since you know one is leaving soon, you could just create 2 leases (one for each).But you need to see that the one remaining longer has the income to support paying rent on their own as a solo tenant.

Curious if maybe your phone has the capability to create a 360 tour?

My question is if I want to use these funds (the cash received = appraisal * 80% minus outstanding loan balance) to purchase property for personal use (primary residence), if that creates a taxable event?

Someone could buy on contract and run down business, create further potential environmental liabilities, fail to make payments, and the market could decline.

I agree, none of the big players that I have ever met (or any of our clients) created wealth through cash flow, that’s antiquated.

This will create a Tenancy in Common that gives each of you a 50% ownership in the property.