I will ask the lawyer in detail, what exactly they file, therefore,  I will know for future use.  

From your brief outline it does not really seem like you have decided on what you want to do in the future... 

With the purchase price of $410,000 I think Zillow have put out a generous offer to make a good impression on future potential seller.

Tax implications would be a big factor, as would the predetermined buyout(or methodology for calculating future buyout amount), but the big factor would be their desire to max out profits weighted against their desired quality of life.But those deals are almost always a result of being observant at the right place and time.

But we have a plan to get there in the not too distant future ... my next post will detail my plan , just thought I should leave something to desire on that front before I dive in :) 

This should save me money on my own future deals, while also helping me gain credibility within the industry and my local area as a serious real estate investor and deal maker.As for my professional background, I have been working as a freelance social media marketing strategist for 7+ years helping B2B companies generate and nurture high-quality leads on LinkedIn.

I may be refinancing sometime in the near future and I was curious if I need to be doing anything with the deed before I apply?  

The security of fannie is what allows for such a low (25%) amount of equity. future investment properties will continue to fall in this 25% bracket I think you can buy a higher rate and do 20% down for the first few, but with rates rising that won't be as lucrative anymore.

Partitioning may be done by couples who wish to remove stress and uncertainty about their future together.

The industry is volatile and unpredictable, I count myself lucky to have made it this far, and don’t want to rely on this income in the future.