Now, we break up the holdings based on area and property manager.

I'm researching various lenders and one of them has recommended that instead of a recast, they could break up the total loan amount initially needed to buy the new house into two loans.

The same emotions can happen to people with two homes (mortgages), getting a divorce, estate sales, the breakup of people who are shacking up, etc.

If you search eBay, there are several resellers that break up the large quantities from various hotel providers.

Even "good" tenants (on paper) can go "bad"; for example, someone can lose their job, go through a breakup/divorce, get hurt without adequate health insurance, etc.. 

page=1#p1868969 There are many creative techniques you can consider, I carry a pocket pack with me all the times to remind me of ways to do a deal.Some creative methods:Vertical break up (50% discount on properties)Hybrid offerDelayed settlementsJoint venturesFront porch offer, discount, nothing downMortgage out100% solutionsSubordinated  financingSeller participation Control and RollNothing down money backSplit notesCreation of paperPartners equityThese are a few of the many ways to close deals especially if it is a hard to close a commercial deal.My son, also an investor, always says, "Having many ways to close a deal is like a batter in a ball game who has 10 swings at a pitch instead of 3." 

If she is in a community property state half of that equity goes to him if they break up. 

He's not going to leave unless they break up.

I've never seen two partners agree on everything nor will one not think they do more than the other, so address that, it's human nature and the main reason partnerships break up and have issues, especially when it comes to money, best to clear that up before hand.Have reasonable expectations, not every deal will be a homerun.Value yourself and the partner fairly, what would it cost the other to have what you do from some other source?

Tyler:  with CMBS on the portfolio the risk is that the $29M loan is likely cross collateralized, unless the loan docs have a break up provision whereby the loan can be partially released based on a certain value of each asset in the portfolio.