Partnership advice on multifamily deal

[Kellen Driscoll]

Hey BP, I am currently looking to partner on a small multifamily deal with a friend. Basically my friend will put up the money for the down payment and I will handle everything else. My question is how should I handle the bank account in which the rental income will go. Should I keep an account in which I only have access to and pay him out of the cashflow. OR should I setup an account in which we both have access to so that he can be reassured that there is actually money in the account and not going to other places. Thank you! Kellen