The way to avoid the land mines is to require each resident to qualify for the full rent; so, when breakups happen, the remaining resident(s) can afford the rent.

Both J Scott and myself have posted answers to this question many times and picking up his books is a great start too.Here is a copy paste from another thread I posted:"Essentially, you need to NOT rely on others (like contractors or inspectors) to perform this task, you need to know how to do it and after practicing many many times and using the right tools, you can eventually do it in your head in 15-30 minutes while walking through the property.You need a spreadsheet (several free downloadable ones on the BP file place at the bottom of any thread page), fill in your local numbers for material and labor costs for each line item and then break up the home into sections.

Couples breakup,  MA is super tenant friendly, what since is it to add someone as a tenant that doesn’t pass a credit check, has super low income, and doesn’t want to discuss when I reach out.

On top of that instead of say having both bathrooms remodeled at the same time, you'll have do break up a lot of the same jobs into 2 parts. 

I may break up the scope of work in phases such as demo, rough work, finish work.

Family funds would/could pay the loan and the family would enjoy the cash flow, but at break up time, Deeds could be divided without having to sell.

Once you do this enough, you will learn to break up the home into sections (kitchen, bath, flooring, paint, windows, doors, landscape, roof, HVAC, electrical, plumbing, etc.) and you will know your average cost per section (or per sf in the case of flooring, tile, etc.)

Once you do this enough, you will learn to break up the home into sections (kitchen, bath, flooring, paint, windows, doors, landscape, roof, HVAC, electrical, plumbing, etc.) and you will know your average cost per section (or per sf in the case of flooring, tile, etc.)

I prefer to just have one responsible party in the case of a future breakup.

The last cast iron tub we took out was a nightmare to break up & dispose of.I lucked out & picked up several Lowes SOR fiberglass shower bases for $50-$75.