I have a well-established buyers list, have connections, verified that my documents are legal, reached out to realtors, etc.

We agreed to split profits 50-50 with the monthly maintenance allowance available to me as-needed.My issue is that I am having trouble figuring out how to set everything up legally to make it fair for both of us. 

I know it involves significant renovations and legal help but I believe all units will sell for about 12 million and we would only be into in for 4 million or less compared to selling or doing buyouts based on the appraised value of 2.5million.

I have been managing rentals in Newark for 5+ years. Recently, when I have a tenant that is falling behind and wants to catch up after I take them to court, I have been writing what my lawyer calls a Stipulation Agree...

The upside from a legal perspective (though downside in an attorney fee perspective) is you can file a new eviction complaint, set up a new stipulation agreement, and if they then fail to make a payment enforce that second agreement with a lockout (once the eviction moratorium ends).

My name is not on the legal contract with the property.

If they aren't month-to-month then you legally can't raise the rent until the current lease expires.

It showed sold in August 2018, and listing agent said it’s a foreclosure, but bank didn’t want it listed that way (legal?).

Proc. 2002-69 and 2002 C.B. 831, a husband and wife who are the sole owners of an LLC and reside in a community property state can choose whether they are treated as a partnership or disregarded entity.You have to understand that tax and legal matters are different. 1) for tax, you will be reporting on your personal return, Schedule E.2) for legal purpose, LLC is a separate entity, and it has to be treated separately from your personal finance.

It would be easy to place the second property in a LLC by quick claim deeding the property to the LLC prior to refinancing for our third property but the first would require a little more legal finesse.