The hardest part is confirming people as smokers because they can just lie.

I agree with Scott, make the initial efforts to inform all parties and then step aside. 

Like most contracts, neither party can unilaterally change the terms of the contract. 

As long as both parties agree to what is in the partnership agreement then all is fine. 

Sellers don’t need another third party with added fees.

The best part is that everyone here is excited to help you learn and grow into real estate investing.

If they are good tenants you can always give them the option to stay  and work out a rate that agreeable to both parties or they can leave.   

Here are the details:From an operational standpoint we are basically 50/50 and will both be actively involved in the business, we will be hiring 3rd party management. 

As long as both parties agree to and sign a contract, then do the provisions in that contract decide whether the contract is fully executed properly or does the state's contract override some of the provisions in the contract to which both parties have agreed and signed? 

Know where you'll get the money if an emergency happens, whether that's an emergency fund, a third-party, private loan or credit cards.Oh, and by the way.