partnership consist of a cousin who is skilled in rehab and maintenance, mom who has credit and investing money to put in, and me to handle administration and hunt for deals. we are putting in the same amount of money and loan from hard moneyquestions:-how to best structure the deals-if he is doing the rehab: how should that be approached- from an investment and payment for rehabbing the house/deal (s)-legalities that should be covered-any other recommendations...thanks in advance

At closing, he has proposed the title company paying me through a JV Agreement a "marketing" or "administrative" or "consulting" fee for helping him.

Like others have said it's more administrative hassle for a unit to be furnished.

The issue is that you are weighing the cost of the potential lawsuit versus the guaranteed additional costs and administrative requirements of protection.

The downside of doing this is additional costs and administrative demands.I often explain asset protection for people asking this question by using the analogy of the "5 pillars of asset protection."

Although I am a firm believer that institutional education is failing us, I want to preface this conversation with the facts that I do have my undergraduate in Business Administration and I am currently working on an MBA at UNC Chappel Hill. 

@Mark Leclair The Property Valuation Administrator, or the county assessor.

Working a small town I use the PVA (Property Valuation Administrator) website.

If you are not going to be in the administrative court, then you might end up pretty surprised at how little your contract means.

Draft the "administrative terms" of the trust - i.e., "Trustee will devise a BRRRR strategy (explain further therein or add a "terms" section and define) for the purchase, maintenance, and growth of the Res, as it pertains to real property therein."4.