Have you approached other builders to try and do a joint venture? 

get a listing agent and get a better number for the resale price and improve it to get top dollar  Buy it fix it and resell what I might do is use a private lender and do a joint venture with the seller and make 20 grand @Steve Vaughan what do you think ?

Maybe better to keep it in a joint account?

Form a Friendly Joint Venture.My thoughts, good luck.....Charles

I tend to agree with hunter, rent is being paid already, so you screen her more for damage or disturbance issues with joint income obviously  ok....and you may end up with her there much of the time anyway if they are serious....In my experience, your only risk is the break up and being left with just her, but that may not happen or be a lease or two away and you could cross that bridge then (by not allowing her to be there solo)...

Also a joint-bud was left in her room while she was out of the house.

Getting Cash Buyers and owner financing Buyers is not that hard.Without private lender money and joint venture money you really can't do real estateGoogle "TRUST.ETC private lender concept"Buy the book by Patrick Rice on Amazon called "iRA Wealth"Center of influence marketing works well, I hand that book  to CPAs and financial plannersYou can use that book to create a PowerPoint presentationBe careful of SEC rules on marketing a securityOne my favorite sayings is, "don't diversify your investments and Wall Street, diversify by having some money in Wall Street and some money in Main Street, do you want something crazy issue in China or the price of oil to drop your mutual funds by 20%? 

A lot of property is held in joint names and so does not pass through probate.  

CIR, the memorandum for Inspections of Sections 469(g) and 121, scoured the web, and have attempted to find an attorney/CPA with no luck to help me answer a slightly different question stated below:I am selling a home (currently in escrow) in the Bay Area that I have owned as my primary residence jointly with my parents since 2004 (not purchased in a like-kind 1031 exchange).

., we can add / remove members, sell off rights from one person more easily), and so that we can limit any financial liability for any actions performed on the shared lake from the rest of our assets.I discovered the recommendation of owning joint vacation property on a Wisconsin website about asset management for vacation homes in the 1000 lakes area.