Chattanooga offers lots of hiking, rafting, biking, a local iron man, and more.

Here's what I did for ours: http://dallas.craigslist.org/ndf/apa/1969279795.html (Ironically we leased ours to someone who just drove by and saw the sign, but we got lots of interest from MLS showings).Good luck!

I tend to have a few irons in the fire and it is sure nice not to need to carry a few different cards.

Dion brought up important issues in dealing with investors and as Don mentioned, if small companys ironed out every issue before they opened the door, they'd never open.Your question was about how to split fees or income not how to structure, administer and stay in complaince with rules, regulations and law but I'd agree that there are some issues you do need to address before opening the doors with your partners.

@Cindy Joseph, That isn't actually that old for cast iron pipes.

(Try going into Home Depot and telling them you need to join some hub-type cast iron drain pipe, so can they please direct you to a hacksaw, hammer, oakum, asbestos joint runner, lead bars, a ladle, and blowtorch.  

I usually look carefully at the most expensive things:1) Foundation/Slab - small cracking and movement are no big deal, but a large crack, settling, displacement can cost a fortune to fix.2) Plumbing - esp cast iron sewer and galvanized ( or old copper) supply lines.3) Electrical - Knob/Tube, old original romex, no grounds, small main panel.4) Structure - Check the attic (and crawlspace if there is one).

(Here's looking at you Orangeburg Pipe...)1900-1940 = Knob and tube wiring, Plaster, cast iron/ clay pipes, etc. 

They wear like iron and look pretty good!

Just highlighting that with any new business model, there are bumps in the road and details which need to be ironed out later.Very happy to contribute to the conversation.