The great thing about partnerships is that it is upto the partners to set the profit and loss ratio's.Something to take into account is each person's specialty and skillset to the partnership.If you have experience or a proven track record of delivering a return for investors - you can demand a higher profit percentage.As Jeff suggested - Please have an Attorney look over the partnership agreement.

In the contract I also requested for the duplex to be delivered vacant which the owner obliged.After closing:With a few repairs and touchups, both the front and the back house could have been rented out for market rents.

Goal per my brokerage training is to build rapport and deliver a FSBO guide that explains why they need an agent.

if you are near the end of the lease for the tenant you can list it with seller notes saying currently occupied and will be delivered vacant by end of escrow and make sure to give the proper notice to the tenant that you will not be renewing it

You may want to do all the admin work behind syndicating a deal(working with accountants, delivering K-1's, answering Investor questions, possible audit reports, etc).

., 2019.Signed, sealed and delivered in presence of:______________________ ______________________State of __________________________County of_______________________________

Because your lease traded work for rent, and she delivered on the work, an eviction is likely to be more complicated.   

(D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured...That said, our policies are ALTA forms without "natural person" restrictions, so ymmv.

In my location, I would have to give them a delivered 30 day notice to vacate.   

There's nothing worse than losing a smokin' hot deal because your funding took too long or failed entirely.Make sure you find an investor-friendly mortgage broker/banker who will talk straight and deliver under pressure.