Partnership - Whose name should go on the title?

[Sarah Payne]

I have a private investor (sister and her husband) who will provide the down payment for my first SFH investment property. I will manage and plan to refinance to get their money back. We will split everything 50/50 after the refi. What's the suggestion for whether all of our names are on the title, or just mine, or just them? If we split the profits/cash flow 50/50, do we need to get the mortgage in all three of our names. Or can I get the mortgage in my name, and pay them their portion of the cash flow directly?

[Priyanshu Adathakkar]

Form an LLC specific to the property and put in place an operating agreement that specifies that you are the manager/operator and how the proceeds from the sale of the property will be dispersed.