We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.

However, they may not be ready to sign right now.

Best to invest on this due diligence now than when you own the property and the budget sky rockets if you need to underpin the entire foundation. 

the rest of the loan payment right now is coming back to you eventually. 

Here are some tips to help you negotiate effectively:Know Your Numbers ColdBefore entering any negotiation, understand the financials of the deal inside and out.

What I am looking for at my age, is properties that will flow in the future to fund retirement travel, and MTR is where I am headed.But the reason for this post is I now need a structure(s) for what had been a concept. 

Now you can always rent it out and just keep it on the down low but just be aware of the risk.

sorry I think I see now your co-ceo has a JD, missed that on the first pass.

We work with a company that we can communicate with to red flag situations like this now. 

Here are a few tips to help you get started:Financing: Since you’ll be starting your internship soon, lenders may look at your projected income or require a co-signer until you have a longer work history.