Will the proceeds be deposited in a joint bank account?

You are likely looking at a Syndication or Joint Venture model.

I'd look at doing development deals as well. you can do joint venture, non recourse debt above 5 million in construction. we do deals in Columbus Ohio and miami florida if it is of any interest. columbus cost per door is much lower than in miami and we focus on micro units under 600 sq ft mostly for development to get higher density, higher lease prices per square foot, etc. there is a "affordable" housing deal that has 336 sq ft studios in columbus that gets about $995 in rent which is above $3. the normal single family rental gets in the $1.6 or so range even new construction 

Hello Biggerpockets Community, I'm currently considering a unique opportunity to go 50/50 on a property with a friend, and I'd love to hear your thoughts and experiences on this matter.Background:My friend and I are contemplating joint ownership of a property where they will live and cover the mortgage, while her and I contribute 10% down payment.

One more thing to show how ignorant most plumbers are (and I am a plumber), the discharge (pump side) of your system is ABS (plastic) and most plumbers are too ignorant to realize that ABS (plastic) pipes and joints are not designed for high-pressure water.

@Ayyoub Reza- thanks -  depending on how you file your taxes - you might ask this  question to a CPA ...if you file jointly - I would recommend  you  be the buyer of the  next rental .....this would posisbly allwo you to  avoid needing the document the  rental property 

Joint Venture, Cash How did you add value to the deal?

Can you share how depreciation works in a Joint Venture?

They are drafted in such a neutral way that parties have to go to court (or mediation) even when one party has no legal ground to stand on.The contract language here essentially requires either (a) joint instructions, (b) court order, or (c) 2 years of inactivity with neither of the above occurring. 

One tenant has an injured knee and is due to have surgery In July.