A syndicated Tenant in Common structure or a Delaware Statutory Trust are two options.

As you grow as an REI, you can make changes to your legal structure for a cost that will not seem as significant as it does in day 1.Regards,Stephen

The comps in the area avg abt 1700 for monthly renters, does anyone have any advice on how I can structure this partnership to be a win win?

@Mark Miller there are a number of ways to structure a deal with the owners.

Hello BP friends,I am looking for any insight on how I can structure the following deal. 

@Derek Cheng I know some banks will structure a HELOC so you have a 10 year draw period where they only require interest payments and then a 15 repayment period, which more or less means whatever hasn't been payed becomes a traditional loan that is amortized over the 15 years.

Not sure why you’re trying to structure it this way.  

I would structure the interest rate as a preferred return that accrues if there's not enough cash to pay.

The other one we thought we could have created a duplex by tearing down the existing shell.  

If not, there are corporate structures that can provide the same level of protection for the same cost(but give you a lot more immediate and direct control of both your properties and the income from them).