Once you understand the legal framework (both for securities legal compliance and corporate structuring) that will likely apply to your offering, you will be able to speak to potential investors much more confidently about expected returns, timing, splits, etc.

I can provide you with more info on that and give you a referral to a good attorney specializing in asset protection and partnership structuring.Before proceeding, I suggest to have all or most of following questions clarified:Joint Ventures – checklist / questionnaireBefore you can start to set up the legal framework, there are various issues that need to be addressed.

You need to stack rank the outcomes so you have a framework to make decisions.

Gianluca,Although there are general frameworks to think about, it usually boils down to 3 major things:1) Market - is the market (city) and submarket specifically growing at or above natl averages (population / jobs) to support higher rents.  

I know that to answer this a lot is determined on what is needed when we move, but the framework of my question is based upon the assumption that my family will not need the cash from the sale of the house or from the rent.

Alex, you should be very happy to be in such a strong position.For any type of investing, it's really important to develop a framework to guide your decision making process.

There's no preapproval letter expected for commercial since the framework does not exist, so listing agents do some screening of how likely they feel you are to get commercial financing, meaning it's easier for a new investor to even get something residential under contract.

Most folks are not familiar with what it takes to renovate/rehab a property, so the FHA system provides a great and safe framework to ensure that it is successful.

That lays out the main framework for rental properties.

I've been reading about the "Waterfall Framework" for establishing equity between people working together in real estate acquiring businesses.