Starting out with Family

[Andy Martin]

Hey all!

So I have had an opportunity present itself to begin investing in RE with some close family members as a partnership. There would be 4 of us in total.

I trust these people with my life and vice versa, but they seem very easy going about all the details about financing, renovations, repairs, landlording, etc. I'm a lot more of a Type A planner so it has me a little uneasy about how simply they are talking about how the partnership would just to be to split everything 4 ways. 

For those of you who are more experienced and maybe have successful partnerships, What type of questions/scenarios should we be looking to get resolved before we begin?

Thank you!

Andy