What are the respective contributions and responsibilities of partners?

@Russell Brazil with all due respect, risk has nothing to do with my point.

With all due respect....these potential tenants already sound like trouble.

One thing I've learned through the past 11+ years of investing is that there are diminishing returns with respect to underwriting.

And then be transparent with the client, have your friend be honest about their strengths and their weaknesses, they will respect them a lot more for doing this.

Just do it respectfully so you do not alienate anyone.

Thanks in advance for kind+thoughtful contributions and for being nice and respectful to me and your fellow posters!

Very respectful and cleaned up after themselves.

All you need to do is follow the law with respect to how you are legally allowed into the country (and how long you are permitted to stay each time you're allowed in).

Fannie and Freddie both encourage this re-branding -- if you are logged into their respective websites as a mortgage industry insider, they even provide marketing material where you get to specify what you want to call "your" re-branded loan program.