I use this format: PETIOProperty - type, description and rough as-is and ARVEquity - value less recorded mortgages and liensTitle - Record owner, entity or living or deceased person(s)Interest(s) - if owner is a deceased individual, need to know who legal heirs areOpportunity - specific ways to benefit, such as buy, fix and sell, or fix and rent, etc.You'll need a working knowledge or someone who can research title for you.

If you're the only member, then you are the manager and there is where your personal liability can enter the picture. 

You can look him up, he is a very well knowledged individual

The county does not sell individual tax lien certificates.

To qualify, a home must meet the definition of a residence homestead: The home's owner must be an individual (for example: not a corporation or other business entity) and use the home as his or her principal residence on January 1 of the tax year.

@iman @Iman Yu the properties on Allison if I recall were a bunch of units clumped together, I do not recall the address numbers of which specific units, I am sure if you looked up the tax records you can see who owned which property, I know some were owned by individuals and some by a bank.

It would be greatly appreciated if you guys/gals could give me some insight into the most independent, yet successful route that I should take when entering into the role of being a real estate listing agent/property manager.

Simple answer would be once you accounted for all income and expenses and determine the net profit, you can distribute that to each partner and then at the end of the year each partner would report their share of profits on their own individual tax return.

Great place to learn, network, and just enjoy chatting with like minded individuals.  

Usually isn't good to ask an individual to do something a bank would not do (besides the credit issues which a seller is already accepting) that puts them at even a greater risk!