I tossed in the percentage of business as many commercial leases have a gross sales component but if that were to trigger UBIT I would explore something different for that element. 

There is a rehab component to your project.

A real property trade or business is broadly defined to include real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage [IRC Sec. 469(c)(7)(C)].

You put a JV in writing to define the roles and expectations of the partnership.Hopefully that helps!

Brokerage service is in part defined as putting together a buyer and seller. 

Hi Travis, your Operating Agreement defines how the money is split.

I suggest first defining what sort of deals and markets you want to invest in.

. :)))Steven, this is a really easy read to define what a co-signer needs to qualify: https://www.rocketmortgage.com...As for rent by room, list it the same way you would if you were posting a multi-family or a whole single family home, on Zillow, Facebook, and Craigslist.

If you overengineer your lease to include a bunch of extra nuisance tasks that you have to do, and you fail to do all those tasks, it looks bad on you as the landlord.To help prevent you from trying to implement every new idea, you must pass it through a well-defined filter.

@Saeed Ahmed Syedcould you define high yield?