I give them more control than the mutual fund managers who gamble with their 401k everyday!

At the end of the day who has control of their future, money and investment decisions?

Maybe the splits are not equal but there should not be situations where 'partners' are more equal.Now, if you want control and are willing to pay the other person to have a more passive role then fine.

$8.07 $7.35 Long term Government backed agency leases High demand rental type 3 to 5 year leases on 50% of the complex Excellent cash flow Estimated Expense Summary Actual Pro Forma Projected Taxes $72,490 $72,490 Insurance $12,131 $12,131 On-Site Management $30,000 $30,000 Trash $5,131 $5,131 Cable $1,708 $1,708 Maintenance $33,402 $23,270 Repairs $15,201 $6,090 Advertising $6,809 $4,074 Legal / Professional $7,483 $2,658 Administration $8,317 $8,317 Permits/ Licenses $1,104 $1,104 Telephone $18,294 $18,294 Payroll / Benefits $112,943 $105,250 Security $17,780 $17,780 Miscellaneous $19,896 $19,896 Utilities $143,030 $136,000 Workmen's Comp $5,388 $5,388 Auto Expenses $2,000 $2,000 Pest Control $716 $716 Furniture $4,356 Totals $518,179 $472,297

If you retain most of the control and the note buyer is passive you also might get into trouble with the state security regulators plus the SEC.John Corey

If they must, they will turn it over to an agency like Fanny Mae or Freddy Mac (government supported) agencies that serve as a balance between the RE market and the government control of the properties.

Fundamentally, if the surround is already in poor condition, with cracks and gaps, you must assume water has entered the wall cavity and created who knows what kind of issues--from simple rot, to attracting various pests, to mold.

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(side note: don't have kids with jerks with control problems, especially when they can come up with the funds to sue you as the great american judicial system has no qualification process for someone with a biological tie to come after your kids, even completely unfoundedly...and you will be forced to spend a GREAT deal of money to deal with that mess.

You further agree that, so long as you carry out your obligations as agreed, settlor shall forfeit his interest to you upon termination of the trust (at term or upon sale of the property).You just transferred all meaningful interest- without violating the due on sale clause- and fully control the property's use (so long as you fulfill your obligations) and future disposition.