If they say they gonna get construction loan (based on my calculation above, it seems to be a much better choice), how do we make sure the partnership gets the loan, vs just got stuck with a piece of land and deadlock investment money in the partnership?

Hello all,As the title says, I'm closing on my first ever deal and I am at a standstill. Apparently the current resident won't make time for the bank's appraiser to go to the property to view it. Clearly the seller is...

But you need to have a tie breaker to avoid deadlock. 

Deadlock?

You should have care when going 50/50 because if you don't agree, you can have deadlock.

the two of you must in good faith attempt to resolve any dispute, or finally a possible option that provides if there is a deadlock or a buyout agreement cannot be reached that the property is listed with a realtor and sold at what the realtor recommends. 

As mentioned by @Brian Schmelzlen, determining in advance how a member can (or perhaps must) get out in the event of a death, material disagreement, deadlock etc.

Once it's signed, you can be deadlocked forever.

Initially I wouldn't recommend 50/50, there is too great a risk of deadlock on vital business decisions. 

If the Republicans hold the Senate there will still be a deadlock.