I hope a fair system is implemented that rewards contribution instead of arbitrary unwritten practices that are being carried out now. 

He said this is to avoid a practice known has "house stacking." 

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

I don't think buying bonds is good practice for buying stocks and i think it's a similar comparison.

What are people’s preferred methods and best practices?

@Lindsey Orr no problem make sure you have a real estate attorney review the document before use to ensure safe practice during transaction most will do this for free.

Always looking for good examples and best practices. 

(b) If after a casualty loss the rental premises are as a practical matter totally unusable for residential purposes and if the casualty loss is not caused by the negligence or fault of the tenant, a member of the tenant's family, or a guest or invitee of the tenant, either the landlord or the tenant may terminate the lease by giving written notice to the other any time before repairs are completed.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

This will be out first private money deal and I’m curious on best practices for structure. 80% for investors and 20% for sponsors.