If the partner is gifting them to you, then disclose that.  

A house that cheap that can be rented is a gift!

I just finished reading, "the travelers gift" by Andy Andrews...

At least you will not need to do a  'cash for keys', gifting a couple of 1.75 litre bottles of her favorite beverage maybe enough to entice her to vacate.A good friend of ours (Roanoke, Virginia) had to present an eviction notice to a very large lady in a MH rental on a 1 acre rural lot, (I was to witness the hand delivery).When we got there the lady was cooling off in a kids paddle pool with an umbrella & nothing else. 

I currently work as director-level major gifts fundraiser for a non-profit here, but am hoping to parlay some of my skills to a career in real estate.My mother has worked as a real estate agent for a majority of my life (in TX), even starting her own company / brokerage six years ago, so I've grown up on the fringes of the real estate community.

If they have 5% of the money that is their own, (Not Gifted) then there are products that are available for conventional lending.Yet there DTI ratio will be a little less forgiving.

A wise investor once told me that below market rents are like me giving my tenants a gift each month. 

I know that you can gift money but that money cannot be repaid?

Note that this is not co-mingling funds - it is just gifting an asset to an entity, which brings into question whether the entity (the LLC) has any separate existance from you the individual owner.3) A single member LLC is more susceptible to veil piercing.Please note - I am not disregarding the use of an LLC (even a single member LLC) for owning rental property.

I usually have a slab of either fresh salmon or smoked salmon or elk Jerkey as a warming gift. we call it Oregon Porch time.. this is our demographic this is who you play to.and you simply cannot learn these techniques on line or on BP... this is very advanced and well thought out marketing.