Thanks for asking, I stated that they are not related, and only rent a bedroom, share common areas among them.

My partner funded the deal and was 51% owner in a TIC (tenant in common).

Is that common knowledge and practice, I doubt it.I'd try to have a good reputation in a small town if I wanted to stay in business. :)

The common response is send a 3/5/7 day notice to quit and if nothing shows up file for eviction after you wait.Many say their situation is unique, their tenant is normally good for it, etc etc, but the comments almost always say "The check is in the mail is a LIE".Now for my fun situation.

Anyone recommend a site, youtube channel, etc. that will take me through construction and rehab common procedures, costs, order of processes etc.Appreciate any help.

Because I’ve been renting to my friends, I did not take the time to adjust the lease contract my dad uses for his rentals to reflect that each tenant is renting one bedroom/bath and sharing common areas (kitchen, living room, dining room, laundry room).

Now, what is common is to arrange for the option price to be financed.

Is it really all that common where you are?

A foreclosure doesn't "wipe out" IRS liens, if they cut loose of the lien it was by choice and it's common, but not required.

Here in Canada it is quite common to have a holding company hold real estate assets.