To add to what Charles Perkins has said:It sounds as though he simply cosigned and there is no tax consequence of that.

She basically said not really - we'd have to take them to court and that opens up a whole new can of worms that I'm not comfortable with.My current plan is to simply not renew their leases, and communicate to the clean tenant as such - and then hope he's willing to wait it out.I'm also thinking about sending the exterminator back in another time, at a cost of $450 for all 9 units.

They simply will not write the loan and will force you to have the property off market for period of time.That said, a non-owner occupied lot loan with no real intention to build a primary or second home on the lot is going to be tough to find financing for.

Is it normal to have the new investor buyer for contract put an earnest money deposit in escrow at closing agent or to cut me a check directly?

But after 4 years of working together, I know he's going to be all-in to make this work, especially if he is working to earn a bigger cut than just salary or even salary+bonus.

I have completed deals that I thought were dead simply by following up from time to time.

Makes you wonder if there is a mini bubble starting to form again or if the pendulum is simply moving back to normalcy.

Don't get overly concerned about public liability but you do need to be aware, keep properties in good and safe condition, know the rules and conduct your business with attention to details and you should be fine and carry insurance....And I believe Texas has an LLC that limits liability to a subject property safeguarding other business assets, which is unique, I suggest you simply form your business in Texas.

I am starting co-wholeselling for about a few months ago and had many deals i lost due to dishonesty of my co-wholeselers who backstab and cut me off the deal once i present my buyer eventhough i have signed jv or co-marketing agreements!

You deserve a Nobel Peace Prize for simply answering the main question by the way haha.