For example, if you buy a condo in Trump International Sonesta, it can be managed by Trump management; but you also have a choice to choose other PMs.

It's a bit complicated how it works so for more check with a lawyer.In short, you have few options she has many and in general if you choose to do any investing now do it with the mindset it is all half hers, maybe more depending on how good her lawyer is.Court is not about who is right or wrong, it's about who can argue there right better.

There's a starter article on BP http://www.biggerpockets.com/renewsblog/2009/9/23/how-to-choose-real-estate-partners-and-the-criteria-to-usewhich focuses more on whether the partner is professional.

These are some industry "standards" you can go by if you choose to get involved.

@Kerisha Johnson welcome to the community and congrats on choosing to get going in real estate and participate in the conversation.

Their financial position has since changed and they are starting to rob Peter to pay Paul on payments.. aka every month getting further behind.The house Appraised at 172,000 they owe 145,000 only a 7 year old house and when you run the numbers if they ask 172,000 probably settle with 165,000 (96% of asking price) and then figure a realtors commission and closing fees and last year's property taxes (10%) $16,500 that brings it down to 148,500 roughly .At the end of the day they would walk away with $3,500 if they were able to find someone soon enough.My proposal to them is to be done with it right away so they can get out from having a payment they no longer can afford doing a sub to financing offer and give them 147,000 ( they get 2g in cash for moving or whatever they choose) I will turn around and finish the basement off .

I start my licensing classes this weekend and have already started thinking about where I'll hang my license.I'm getting my license so I can access the MLS at 3:30 am if I so choose.

You can use the MLS if you choose.

Also, setting aside the ding to the amount in rent you can charge, my guess is that you'll have a much smaller pool of tenants to choose from without a garage.

Pending the type/style of investing you choose to do.