If there is any one who would like to point me to the "Just starting out" line I would appreciate it.Thanks-Dane

Make sure you outline your deal before you buy the property so you both are in agreement.I would definitely get legal counsel, at least for the advice part.

@Skip ReathYour house rules should outline procedures, for example, first offense = a warning, second offense, = $150 fine and so on.

Should give you an outline of what you are looking for at least.

Would it be as astronomical as you outline?  

If it were me, I would want to be on title of the property and have a separate JV agreement that outlines all the terms and conditions of the partnership.

I also clearly outline the lease terms in a summary document.Best,Dana

@Robert Polyack I would suggest that you spend sometime browsing through the Bigger Pocket Podcast on their youtube channel and go through all the buy and hold strategy ones.Additionally, I suggest you look into reading "2 Years to a Million in Real Estate by Matthew Martinez" this book outline a lot of the things you should look for as a landlord/RE investor.

-Grant H.Photo showing small gap between dwellingsPhoto showing the "connector" inside this small gap between the dwellingsBlue outline: Townhomes/condo style dwellings.Orange outline: Completely separate single-family dwellingsRed outline: Two properties pictured in the first photo above

Having something in writing is always a good idea, especially outlining what is and isn't shared (e.g. common space, garage, outdoor space) with others.