HiWhen working with a friend partner in an investment, such as 50/50 downpayment, whats the accustomed way to get everything done in manner to avoid errors and losing friendships and partners?

They will try to take advantage of your friendship.

However, if they can get a co-payor on the lease (parent, friend, mentor, sometimes even an employer), then I think you can sleep at night because an eviction judgment on a co-payor will end that co-payor's friendship with your tenants.  

This is where some end up making the mistake of blurring the line of business and friendship.

Jason Cook I definitely would like to continue our friendship and working relationship on future projects and I totally intend on presenting a solution where we both pay towards the damages once I receive the quotes from the experts.

Friendship: My friend Nick and I have been working together acquiring as many B&H investment opportunities that fit my investing criteria. 

I'm not looking to make friendships with my tenants, it is strictly a business relationship.

We settled on a price $500 less than we had wanted, due to their financial situation (and our "friendship"), and signed a 1-year lease. 

If one new person shows up to every meeting and I can make a lasting friendship/help them get started investing I consider that a bigger win!

I would hate to have to do this as it would likely ruin our friendship, I'm having a hard time finding other options.