Should I have a partner?

[Luke Hoffman]

My wife and I currently own a rental property and plan on turning our primary home into a rental this year. I want to add a partner to help our rental business grow while my wife wants us to continue to fund it on our own. I have a partner who has expressed a lot of interest in being an investor. I need help determining whether it is a good or bad idea to bring in an investor.

Note: current rental cash flows 200 dollars per month after accounting for expenses and our houses projected cash flow is 200 per month if se don’t refinance. On the rental we have a 4k dollar bathroom remodal happening this month that we owe about 2.5k out of our own money (not rental) and just today the renter emailed us about a leaky roof.