Then you get to profits to split, your portion should be last and include your management fee as that will be seen as a performance based earnings. 

I'm going through the county records and I keep seeing tax liens held by a third party (LLCs, individuals, etc.).  

So in your example, if ABC forecloses (judicial or non-judicial) on a deed of trust (or mortgage) recorded on 1/1/1999, the bidder (and subsequently the purchaser) at the foreclosure auction would not be financially responsible for the second and third liens (by mortgage or deed of trust.) 

~I can't come up with the third because it would be a tie between many small $$ things.  

I am looking into wholesaling in the Dallas, TX area and wanted to introduce myself to all buyers that are either just starting out and looking for deals and also existing investors that are willing to partner up with me in my venture to becoming a top performer in wholesale industry.I have been utilizing BP for a year or so now, gaining knowledge from past forums, but it's time too put what I've learned to use and get too work!

Then I built third one-bedroom apartment and rented that to some college students.

Can't you just sue to force specific performance?

Thirdly if tenant is approved by Homeowner association (they run criminal, credit, employment check) but I feel that tenant credit and employment history my be risky for me rent to this tenant, what would best way to reject tenant and not be on hook for RE agent fee?

If a turnkey provider says that they have completely rehabbed the property then ask for before and after pictures along with any parts receipts and invoices for work performed.

Mechanic Liens/Artisan Liens are placed upon property (vehicles, real property, paintings, etc.) that an individual has rendered some type of service upon the property, and the owner of the property does not pay; so long as the individual who performed the service has possession of the property, they have superior title to the property...no matter what...This is obviously harder to do with real property.