Tenancy In Common question

[Rick Martinez]

Hello everyone, 

Long story short...

1.1 million dollar property, considered single family unit, two separate units, 1 garage 

1st individual invested $437,000; average credit

2nd individual invested $70,000; excellent credit

Together, they split the mortgage and other expenses (property tax, insurance, etc...) 50/50 

How would you properly prepare a T.I.C. for this kind of scenario? Any more information needed, please ask! 

Thank you in advance..