But yes you end up being tenants in common and then the property is sold from the two of you to the new buyer.In general contributions into an LLC and distributions from an LLC are not taxable events. 

Failure is not an event.

I would suggest as others have that next time you are contacted by either one of them reiterate that they should review the lease and follow the terms there in the event they need/want to leave.

Failure is not an event.

However after seeing a beer can on the ground I just thought I would ask has anyone used any options in the event I run across anything.

WIthout knowing more, I think it would be tough to make money on something like that with minimal money down and having no liquidity on your own to help in the event of maintenance or vacancy. 

There's a great one in laurel posted on the bigger pockets events page, also one in nova

So I was at a recent REI event and I ended up winning a free 1hr mentor session this upcoming Friday with the co-founder and managing partner of a large wholesaler.

wow is all I can say.... if your recount of events are factual .  

However, you should plan on it and figure it into your budget in the event that you either decide to hire it out or go to sell it soon and the next buyer wants to hire it out.