Thanks for the reply. i normally put aside 30% of my paycheck once i get paid and once i pay off a bill ill also deposit that amount into my savings every month after the debt is paid off. what percentage do you put aside?

Look into setting up an LLC with each of you having your respective percentages.

If you were buying 60% in an existing business, what percentage of the shareholders need to approve certain decisions?

Here is my current understanding on 2a - how to calculate the depreciatin of replacement properties.Realized gain for R = capital gain + depreciation = 168K.The total basis for property A & B are (225K+150K) + purchase cost let's say 8K - realized gain for R = 215KThe basis is splite proportionally between A & B - So A is 60% at 129K and B is at 86KWhat I am not clear now is how is the land value deducted from the basis - percentage (of land to purchase price) based or absolute land value based.   

(also hedge funds make up a far smaller percentage of trades than you would think and you are confusing high frequency trading with hedge funds.

You must keep the ownership percentage the same at all times and all income/expenses must be split according to your ownership percentage.Be sure to seek help of a professional who can guide you and structure this correctly so you can avoid violating prohibited transactions rules:https://www.irs.gov/retirement-plans/plan-particip...

There are "in your backyard" banking regulations in most states that require/recommend that a certain percentage of a bank's assets be invested in local business or real estate.

try thatsthem.comit is free and you get a higher percentage of good numbers

Here is my process for setting rent but if the value of the property was set based on profit (5+ units) I would have more incentive to keep rents near market rent.My properties are in a high rent areas; market rents for my units range from $1600 (2/1/1 in working class area) to ~$7K/month (STR 2/1/1 at beach) so realize the percentages. 

Ideally, we just want a document stating percentage of ownership for both parties and then action that needs to be taken if the deal or partnership goes sour.