Yes, some people don't seem to understand Real Estate and won't be supportive but those are always the people who never got into real estate or didn't treat real estate as a business!

If you don't decide, it will be treated as a general partnership under the Texas Business Organizations Code, and you don't want that.

The current treatments are basically pointless unless the tenants are cooperating, getting their pets treated, vacuuming, etc.

Treat it like any lease violation.

When the parking deck, which is just a wooden deck of non-pressure treated wood starts to rot the main beams in the house are rotting too as its one piece of wood from the street into the house. 

You are in a business transactional relationship, and you should treat it that way.

Buy and Hold may be the best way to go tax   The Depreciating might offset your income and owe no taxes and figure the Quick Flips on treating it's income as Ordinary Income when evaluating. 

Then you pick his brain and if he is a successful partner, you learn a lot.Have lunch with the potential partner and ask him how he treats Dodd-Frank, what is his asset protection method.

If it were me, I'd still do an equal split then just treat anything contributed over the minimum as a loan to the business.

The part that was upsetting to me was that she asked me to treat her like my family, since she is the same ethnicity as me and is elderly.