My buddy was a super host in Minnesota and he had a very cool modern setup with a classic record player, ping pong table, foosball, lots of board games, movies, a classy bookshelf loaded with books.

Look what happened with Atlanta in 1996 all those buildings are now being torn down, renovated, or at the very least repurposed into something else mostly loft space for artists and offices. 

Classic!

Not from the area, but the classic galvanized pipes for plumbing will have leaks and probably want those replaced.

If an individual rents out the garage from the owner but utilizes it to store one classic vehicle and to fix up their own second personal vehicle (all as a hobby), would that constitute a business use? 

OOS investing has a dark side, not only for investors, but also for the residents and the city.Milwaukee is a classic target for "cash flow buyers" and that creates a lot of issues.

All,I thought I would add some context to this classic discussion is anybody is still following.I set up a rent by room here in Houston this year, looking to do more.

His vision to re-purpose the Old Commodore and 40 Wall Street against all odds was commendable.

A common and simple investor split I have heard of in the past is the classic "Partner A provides most if not all the capital, Partner B provides the sweat equity and management" and the partner's go 50/50. 

In his quintessential classic book: Think And Grow Rich, Napoleon Hill takes about this and how to imagine a council of wise advisors all in your head though.