Otherwise, Ottawa, being a government and university City with a healthy smattering of high-tech, has a fairly stable rental market ... it reminded me of a big Fredericton.  

If this is your first deal with this partner and it went relatively well (aka you'd like there to be a second, third, so on ...) then try to reimburse the cap partner with as much of his initial investment as possible...After that you can pay split the cash flows 50 / 50.If there's a very healthy amount of equity in the deal - consider paying him a return on his initial investment in exchange for a greater percentage of the asset. 

Now if you have a family, that obviously becomes tough, if not impossible - but if you can do it, rooms can fetch you quite a healthy amount of income that otherwise wouldn't have existed.I'm always a fan of buying owner-occupied, living there for some time, then renting it out.

Ours is a very unusual process where the first 2 housemates help select those remaining...it's all about creating a healthy, happy atmosphere in the house.

She's 76 in failing health. I

Multiple universities, hospitals, and a healthy downtown scene.

I am a W-2 employee who makes a healthy Salary.

As a West coast investor I'm very confident its a sound investment located within a healthy market that's appreciating and supported by a university and state capital.   

I know I was pretty bummed about the entertainment / meals changes which affected anyone with an LLC etc...so I just want to be less shortsighted and felt like this *could* be a place for a healthy conversation.  

So, we have the most basic plan available, and pay $1,700 per month for a family of 4 healthy individuals.