If title is not legally in your name no one is going to give you a loan, did a title company handle the deed transfer?

I was pleased with how they handled the process....give them a call. 

On top of your due diligence, the first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport.You can use the Bigger Pockets calculators to start.

You can't really pay someone to leave, then sue them for the money - not successfully at least.Have you talked to a local attorney about how to best handle this?

Their office is in Tempe but they handle a large portion of the valley.  

Each and every time a tenant leaves and a new tenant moves in, I have to have a certified lead inspector come in and "re-inspect" the place to certify that any potential lead threat has been abated.

If it's 1) How do I handle payments in the interim?

Numbers look good if you can handle the property class.

We are beginning by contributing 100K each and future capital contributions will be 50/50 however profits will be 1/3,1/3, 1/3 because his business partner is his brother who handles all the logistics etc.

There are no other STR in our town that can handle more than 2 people (only double beds with a bath).