Contact Direct Title (Statewide) or this firm Sama & Russell they are real good RE Attorneys (Forked River)

You'll want to use Sama.

@Sama Pa I am sorry you haven't had good luck with property managers and contractors.

Meaning if he sells he will need to pay Uncle Sam a good chunk of change.

In other words, you're paying Uncle Sam a premium in order to qualify for a loan.

@Saad Dar I would go for an LLC with an operating agreement that identifies you both as partners. 

It was fantastic, especially the last 6 years for them; but who knows going down the road.If you sell your home to your tenant, you will be paying uncle Sam a large chunk.

So ready to leverage the finances and live a better quality of life, than owing to Uncle Sam a whole chunk these days. 

@Sama Pa I would suggest looking for local meetups as that is the best way to get connected with folks successfully doing what you are looking to learn. 

Be very careful about making new notes or modifications Sam as that is a new loan and then subject to current regulations, so if it's an old note/contract that is grandfathered you don't need to make a new anything, it's a partial release of a guarantor.