Quieter tenants translates to: Older individuals without children or noisy pets. 

It’s a fantastic way to connect with like-minded individuals in your market who have been in your shoes.

There’s a demand for individual rooms being rented out.

1099 means they are their own boss it is very hard to hire individuals and not have them be w-2 employees. 

If you’re asking how two immature individuals can handle their differences without legal costs then the answer is that they both have to give up the scorched earth policies.  

Basically are the two of us treated as one "individual" with this structure? 

If you're already pricing in a negative cash flow, I would strongly suggest you read what happened to another individual on BP: https://www.biggerpockets.com/forums/48/topics/1204955-almos...

It's funny too how so many of you share the same akward writing styles and make the same small mistakes while posting.If you guys are all real individual people, you are drinking some crazy coolaid, and have all the reasoning skills of a rabid badger. 

I Would Love To Meet And Build Relationships With Like Minded Individuals.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.