I’ve been around real estate for decades, and I read in The Economist once that in lively markets like Charlotte, folks will pay a premium for a comfortable room if you’re near major employers.A friend of mine tried something similar out in Austin a while back.. he’d inherited a 4-bedroom property and split it into individual room rentals.

Alberta is not tenant friendly, but you still need to follow the laws. 

People think "friends and family" are exempt - WRONG.

A 50/50 split, while not uncommon in the world of flipping, is very sponsor friendly, relative to the typical syndication which will typically start at 80/20 or 70/30 splits, with a vast majority of proceeds going to the LPs, along with a preferred return that gives them 100% of the cash flow up to a certain annualized return metric.  

Quote from @Dina Mazur: Hi Everyone, want to introduce myself.

Buying a property under general partnership with 2 other friends.

If your unit doesn't stand out in other ways considering adding amenities like a hot tub, backyard mini golf course, making your airbnb dog friendly, etc.

It’s also helpful to connect with investor-friendly agents and lenders who understand your goals.Good luck!

At the higher PV, you have $5k more in PV and equity).Your CF is around $20k/year, which sounds great, except when you introduce the equity into the discussion. 

I’ve seen this issue in San Diego, where a friend of mine worked with a city planner to rezone a lot for duplexes and triplexes.