Even if roles and events are defined in your written agreement it won’t cover everything, trust me.PM if that doesn’t make sense and you’d like to hear the nitty gritty of a real world example.Partnering can work great but just be aware you’ll need to do far more meeting and reviewing ahead of time, and in far more detail than you might realize, on who does what, on what will happen and when and why.

@Jason Thomas if all of the investor would be active (having a specific role) in the deal then you can check with you attorney if JV could be created.

The exercise of putting in costs and lifetimes to calculate projected maintenance/cap ex is a good exercise because it shows where a particular market fits with respect to the 50% rule. 

Circumstances, asset protection, tax bracket, state and local laws, etc all play a role in the answer. 

If you're asking about the boxes next to the signature line (like those shown in the photo below), that's just to indicate the role of the person signing that they received the disclosure. 

They've been there for 2 years and feel it's their "home".Did they decide not to exercise their option or are they simply unable? 

I've got some really great relationships across the industry because of my job as a contractor; and I'm on the verge of creating a partnership with the key roles stated in the title to start taking on flips to generate some capital.

Most banks will exercise what is known as the Due on Sale Clause for this type of transfer, essentially stating you have 30 days to pay off the note in full or transfer the property back into your personal name.

Played almost every role in the transaction - Real estate agent, investor / principal, and property manager.

Both have an important role to play in many construction projects.