@Jeff RabinowitzRequired or not, get a lawyers and insurance underwriter to comment in writing.

Does your agreement require your friend to write a check if this project loses money?

We decided to transition everything over to a PM software so C could be better handle the accounting and keep tabs on who is past due.

When it comes to get registered will speak to lawyer, accountant and put everything in writing And etc.

Honestly, I only use the MLS to pull comps and properties that were sold cash to locate additional cash buyers.LOL, Chris, you do realize what you write on the internet never goes away, it can be there years from now for the whole world to see, even you. :)This stuff comes from the National Association of Realtors, it's going to be up to your local board of Realtors under their franchise agreement who can have access.

In general this can be understood when looking at the instruments that require the buyer/borrower to take full liability of the property but not enjoy the benefits of being the owner, so no tax write offs.  

I am new to this but I am going to buy a house at a auction the promblem is they are still living there.Somebody told me I should right a letter to the home owner than go knock on there door .How should I write this letter?

( In MA closings are done by an attorney not a title company)A title insurance agent to write title on your purchase?

By the way, I know I write a lot in my posts. 

Meaning by writing a resume and try to demonstrate experience in the field?