@Irina Belkofer I did have a chance to try out the pizza joint and wow, one of the best pizzas I've had in a very long time! 

Even now as markets in many areas have basically peaked .. if U go to sell in 1 to 3 years you will be lucky to break even that's west coast mid west east coast does not matter.. if you have no appreciation in a given time frame you are going to lose money when you sell a rental .At least that's my conclusion.

I really hope there are valuable informations u can take away from this post, anyway lets get started.

I would highest suggest u and ur ex wife go to a lawyer and get a document agreeing to all the terms.

@Matt SouzaCan u recommend the lender to me?

Discuss possible solutions, either she stops, get more insurance, give u profits or whatever you guys work out but it should be a solution out there that works for you.Don't waste time gathering more facts if you clearly see your place on Airbnb.

@Sean Murray The U of R is a quite a nice school.

Typically tape all drywall joints, 3 coats of joint compound on all screw holes and joints, sand smooth to level 1-5...the industry actually defines the levels.

Should we have a joint bank account separate from our own strictly for the REI business to keep track of funds and cash flow recycling and etc?

thank you @Todd Dexheimer I did check a local credit union but as u said, I should check with few more, asking seller to finance 10% is a good idea as well, I will give it a try.