Obviously a massive difference is something to look out for, but the ability to close smoothly is more important if the rates and terms are reasonably close.

According to Edith Reads, a professional investment writer, stock trader, and personal finance coach, “For one, it’s a great way to live rent-free or for very cheap.

Realize it might not be as smooth as turnkey but you should be earning more cash.

I just refinanced one of my investment properties with Andrew Postell, who is a member on here, and it was extremely smooth, when I checked, his interest rates were lower than about 7-8 other banks that I had spoken to before him.  

Then both of you get your cash in on the deal, get your share of the profits, and the guy with his name on the debt gets some protection that they won't be left holding the bag when it all sells, and having the partnership agreement can smooth out many issues before they occur - liquidation, someone wants out, etc.2) Having a good partnership agreement in effect will also protect you from the side of your brother pulling out money earlier.

Ask you lenders what they want to do deals before you have a deal and things will go smoothly.

Sometimes, there are things that come up that the owner needs to know about, but we do everything we can to make it a smooth process. 

We are 100% electric since 2008 and we use smooth glass cooktops.

Is there any specific documentation or legal process I should be aware of to ensure a smooth and legally sound transaction?

My psychology is built to fix up crapshacks and deal with broker-than-broke tenants and clean out the porn collections of morbidly obese evictees.