I then got married, and I had to make a compromise with my wife...she wanted a new build house so we bought one in Mint Hill.

I mean structurally this compromises the house in certain ways, and is against building code.Thoughts

From what I understand, it takes 30-45 days to place a qualified tenant and I wouldn't compromise on a PM company that has less than stringent standards for a tenant because a troublesome tenant will eat away your cash flow. 

So now, we are working with a Plan A (to get a Variation approved) and Plan B (to get a compromise of 8' each side, which would require 10 neighbors approving of it.

But, it allows you to focus more on maximizing the overall profit of the deal and reduces the pressure of holding costs and the compromises that might force you to make.If you're calculating points and interest, that's a lot more decisions to make and numbers to track.

What you're proposing will raise red flags and compromise the deal. 

Once a roof is patched, it is compromised. 

Every buyer would be compromising!

He would have been far better off to work with an experienced syndicator who would have offered him a 70%-30% equity split.Even more so, if the sponsor is not being compensated well, they might not be committed to the deal, meaning that their incentive to invest their time and effort in a deal they are not making money on could be compromised.

Treat your partnership as a formal company, do the due process, have stuff in writing... don't make the decitions and stuff personal, is a business transaction in which the common goal is an entity of itself separated from you as individuals....Partnerships are good, they bring synergies and potentiate your growth, but be thorough, crystal clear and put EVERYTHING in writing, words (opinions, verbal compromises, intentions... etc.) are worthless when S** hits de fan