We are deciding between several loan options in the ~75% LTV range.Non-recourse options are ~1% APR higher than full recourse.We are also leaning towards fully amortized 30 year options, as opposed to their 5 and 10 year counterparts, looking at ~6.75% APR for 30 year full amortization vs 5.75% for a 5-year interest only vs 6.25% for a 10-year io.

Pine Bluff gets blown out of proportion when mentioned because it's population is lower than it's neighboring counterparts.

I do 3 things differently than my counterparts in my area and they pay off every time, but I believe in quality over quantity.

Do you give free gasoline away?

Cheaper and smaller markets to the east will also see growth over the next decade, but won't be built with the same infrastructure as their north and west counterparts.

It would just depend on your specific scenario and require some negotiating to find something that is comfortable for you both. 50/50 is great, but I've seen some investors get quite bitter because they end up putting in more time than their counterpart and it usually ends any future partnership prospects.The limited partnership and LLC structure seems strange to me from what you mentioned, though.

It's a pretty broad definition that comes up several times both in various federal laws (15 USC 77b probably being a good place to start), not to mention various state counterparts as well.

Be aware that some senior buyers are just as flaky as their 20 year old counterparts and background checks are advised. 

For S&P500, I compare that with a diversified REIT - I have big chunks of both and I see that REITs have much higher dividends than S&P500 but poorer appreciation.So overall I see stocks as higher return investment but also more risky than the real estate counterpart (options trading vs wholesaling, S&P500 vs REIT, individual stock vs rental, leveraged real estate vs stocks bought on margin, etc).

In my opinion they're the gasoline on your investing fire that you can use your entire investing career to never pay a penny in tax on real estate profit.