Outside of that, they call, text, e-mail, whatever you arrange with them.

Their renters insurance is for that.Legally, you're usually not required to pay for alternative living arrangements in the event of a disaster, or moving expenses either.

Please consider a phone meeting for us to discuss the details, and then if we are both interested in moving forward, we can arrange a meeting for us to do a preliminary walk through.Reach out to me by phone or e-mail or inform me of the person to whom I should contact for further information.

I'm wondering if anyone here has experience with this type of arrangement or can provide insights on how it could work in my case.Specifically, I have a few questions:Lets say they owe $40k left at 3% would I just pick up this loan?

Operating agreements are complex and are usually very specifically drafted for your specific type of business arrangement. 

Look everyone goes through rough times but the clear solution is: if you knew you weren't going to be able to pay for your living arrangement is for you to simply move out and find a more affordable living arrangement but you didn't do that.

Ultimately I'd hope to start flipping properties (as this is what sparked my interest in real estate) but at this point in my career transitioning from renter to property owner is my primary goal.Obviously, each strategy is completely different, and presents its own set of challenges, but for someone who is flexible, not tied down to a particular area, and open to any living arrangement, does one approach stand out to those of you with experience in the industry?

Whether that's the case or not depends on 1) whether you discussed and agreed to the arrangement in advance 2) if you can demonstrate alternative benefits he received by you staying.If it was me I'd ask if you couldn't have rented that room for even just $300/mo?

And I have plans to expand my use of co-living arrangements by creating an in town 20-bedroom 24-bathroom tri-plex.   

The arrangement is the same....work on the property, expenses, and profit are split straight down the middle, 50 / 50.When it comes time to doing taxes, I give all of the paperwork to my CPA.