Define roles, financial contributions, profit-sharing, and responsibilities in a detailed agreement.

Happy to help answer more detailed questions if you have any and best of luck!

See the attached breakdown of losses for more details.

Here’s a detailed look at our situation and the questions we have:1.

what kind of investment was/is this  a little more detail may protect others if you think this person is a financial predator.  

If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.

Sure maybe more detail to the insurance policy, but you came out a winner with the hand you were dealt.Total freak accident.

This means you'll want to "write off" expenses related to a property you have in service because if those expenses don't benefit you this year they could in the future once you sell the property.We can get into a lot more details with the "if" "and" or "buts" BUT I think this would be the "simplest" answer without diving into your specific situation here.I hope this helps! 

Feel free to message me for more details...

It would be best to schedule a call so that these items could be discussed in more detail and provide answers to any additional questions you might have.