This is an extremely important point, because if there is no clear rules defined by each person, then it can be confusing and lead to anger or resentment between partners.

The notice of a tax sale may not get to the right person to pay it off. 

o Commercial loan, sort of - they are 30-year fixed DSCR loans with private national lenders.o We close in an entity/LLC 99% of the time - very rarely do we receive a request to close in someone's personal name.

I was posting to see if there is anybody is experienced in this field to give me any solid advice, even if it's just a sentence long.

And the bank will need a contact person for security reasons.  

Probably too late for these 2 duplexes currently in rehab, but going forward Ill probably need something more solid,.Thanks!

Gaining experience is always a great way to build a solid foundation in real estate investing.

It effects every aspect of the property and performance- the type of loans and insurance you need will change if you don't hold the property in your personal name. 

If  your rule is not to rent to anyone with a prior eviction, this person would fall under that rule.  

We have changed our language to state the the person renting must be at least 25 and MUST be present during the entire stay.