Maybe it's a human nature thing and I evolved from some other strain of extinct Neanderthal that made decisions based on need rather than social acceptance.

Split the proceeds based on what each person put in. 

Also, touching base with a local real estate attorney can be super helpful—they’re always in the loop about the legal landscape.Don’t forget to leverage local real estate groups and networks too.

I'm based in Charleston but am in Columbia a few times each month.

Charlotte has a variety of multi-family properties that could be perfect for this.BRRRR Method: This stands for Buy, Rehab, Rent, Refinance, Repeat.

she is beachwoodbuyshouses on ig. i'm in MA and she is my CPA. she specializes in RE and is also a VERY active investor herself. she's based in long island. you don't have to use someone local. 

But, commercial tenants, as was said above by @Greg Scott, can create longer vacancy times and may want build outs done, depending on the area and the prospective tenant.At your price point, the spread on commercial/residential will matter also based on your management expectation.

I am a Real Estate Developer and multi-family investor based in Toronto, Canada, with over a decade of experience in these asset classes and a portfolio spanning 900+ units.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I highly suspect you can find many RE based investments that would project better return than these options at these construction costs.