Even normal wear and tear might need to be dealt with.If either of those things happen, then you have new tenants who are put in a bind.

The property is a bit older and back up to a main road so its been a lot of ongoing major expenses over there, plus in a normal market it would be less desirable but the lack of inventory may keep the price relatively elevated this year.  

My question is: if I partner with someone and we buy two SFR LTR properties (let's say on the same 50/50 basis) and then 10 years later the partner wants out of the deal and to cash out his 50% participation (which normally would force a sell of the property or a buy out), can we sell one property and can I do a 1031 exchange my sold 50% to 1031 buy my partners other 50% in the second house and keeping it as an LTR, instead of having to sell both houses? 

Everyone thinks it will either change everything or change nothing the truth as normal lies somewhere in between.

So I'm going through DSCR because of LLC purposes and I know the interest rates are higher than normal, with my credit about 7.2% hopefully ngl haven't confirmed.

Unfortunately an individual cannot do that and when you seller finance you pay more in taxes on the income than you would a normal investment.

As of the date of this Agreement, Landlord warrants that the Property sewage drains are in good working order and that they will accept the normal household waste for which they were designed.

While we normally don't hire inspectors for rehabs in this case you may want to have a licensed electrician, plumber & HVAC check all of your systems.

@Reagan Barron we always recommend partners charge their normal fee structure for their services.It's rare that partners contribute the same amount of time & resources, so that everything is a true "50/50".Charging a fair price for your services is fair to both.

You may want to speak with a real estate attorney as you may be able to deduct the higher than normal water charges from your rent  payments - if you documented everything correctly.