He came to me to see if   I would be open to co-owning the property.

Essentially how do we separate from partnering on each property when the time comes? 

Ordering an appraisal for such a small property would be silly. 

I am willing to offer 5% ownership of any properties I purchase with them as co-signers.

There are different types of investments like residential properties, commercial real estate, or short-term rentals.

Well we'd need a lot more details on the property before anyone can help.

@Jon Martin You are right , if you don t know how to market a property and get direct reservations you should not attempt to co-host or triple net lease a property.You fail to mention that leases on a property can be as long as 30 years.Long leases are a way to give both property owners and management companies favorable terMs.

What kind of properties are you buying and why do you feel you need inspections?

We need to analyze better the deal but looking at it and because is in Mesquite I feel that a rent to own may work.I have a property on my own where I am looking to explore this as well.

In some cases up to 85% of the sales price of the property is accessible on purchase transactions.