If you have a RE attorney and mortgage broker then I am assuming you are using some type of joint venture or participation agreement to outline who gets paid what and who is in what position as you tranche the loan.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

I recommend outlining your financial goals and definitely exploring work transfers to determine what suits you best.

In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.

Feel free to reach out if you have any questions.https://www.biggerpockets.com/forums/432/topics/1013061-sect...

Outline your goals and ask them how they can help you achieve those.

i'd pick a market close by, or that you have a personal connection to, or that you visit often.chasing cash flow by itself can lead to negative outcomes - for example, these investors bought in supposed "cash flow" markets:https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1137397-balti...hope this helps.

I might have got it from decades ago of listening to Nanci Griffith and other folk troubadours.)In case you wanted just a touch more detail on why pre-approval is not so bueno on VRBO (but for me, is fine on AirBnb), here's my old post on it:https://www.biggerpockets.com/forums/530/topics/1223156-less...That 72-hour hold bites.

The LLC would own the property, and your 50/50 split can be outlined in a detailed operating agreement covering roles, responsibilities, and profit-sharing.Since lenders often require personal guarantees for LLC loans, clarify that your partner will be the sole guarantor.

., as Chris noted, the required documentation will be outlined in the LP Agreement you signed.