Most leases I've seen demand a two-month break-lease fee, but again this is state specific.

You and we waive any right to demand a jury trial concerning the litigation of any matters arising between us.

In DC they certainly exist, I sell a lot like these, they are just as in high demand as true multifamilies.

Just remember than you cannot demand a particular cap rate; rather a cap rate is an expression of how a market generally values a particular asset based on it's income. 

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.

And depending on your market, you may even demand a higher rent.

Should I only demand a percentage of total profit (like 10%) or would I simply lend the money to them?

We project it this way, because we believe in the assumption that multi family in our market is gonna be in demand as it is now?

I think that type of community will become very high in demand as housing prices continue to skyrocket in Texas.

It shows in demand as eleven of the last twelve months have seen sales demand higher than the same month the year before.