My exit strategy is to refinance ASAP when all the work is done to a 30 year fixed as the property is off market.

I am talking to a lawyer to outline our plan tomorrow so we execute legally, but there doesn't seem to be any information available explaining how people are pulling this off.

Plus, you can offset property tax increases through rent increases and expense write-offs, as it’s a rental property.

The bifold tend to have problem with the track widening and roller coming off the tract in time. 

It is an off market deal, and is fully renovated in 2020.

You get the write off for the repairs and still collect 100% of the rent so there’s no question down the road about gat happened to the missing rent.

With drop-off and pick-up in Northeast Minneapolis, I paid just under $400 base rate for a 10-yard dumpster with a 7 day window.However, I also had a ton of plaster and lath that we had demo'd out of the unit and ended up getting hit with another $95 weight overage charge from the dumpster company.  

I think you may want to start of the arrangement in a more simple fashion.Ask for a loan in which he will get a stated return 6% to 12%.If you are both successful happy with this arrangement, upgrade to a partnership.I think a partnership off the bat makes things complicated.You will also likely make more money in a loan agreement if the project does well.

In the past 2 years, I have used my extra money to pay off student loans by interest rate. 

They should be paid off with the property’s insurance money.