I've got some good brainstorms.John, so glad you had the opportunity to do that holiday event---it is fun and pretty.We should all meet up for lunch!!

If my borrower sees that more money is in another deal for him, walks off for two months, I can't run to my deed of trust to motivate him, but I can under a partnership agreement.I've been through all of the "life events" as a lender, I can't demand full payment or require property be sold under any of such matters as a borrower dying or going to jail or getting divorced, but I can as a partner.

in the event we change the financing(which we will have to do as there is mold that needs fixing) they can require that we renegotiate the terms of the agreement and/or they can terminate the agreement.is there something shady behind this?

I'd say that developing a vibrant community does require you to be there constantly, organizing events, creating connections, services etc..so way more mgmt intensive compared to my rentals.

You should come out to some of the REIA events :)

It's best to get a layer of salt down first to keep the snow/ice from bonding with the pavement, then it's going to be up to the equipment and manpower at your disposal as well as the predicted snowfall totals, duration of event, mixes of snow and ice as well as how clear you need to keep the areas.

In the event that she doesn't sell and we are some how able to line up financing for her, how am I supposed to make money off the deal?

You get access to your equity without creating a taxable event (like if you sold).

I agree with @Aaron Montague Get all your potential costs together and budget over a fixed time for those potential events (Water heater, Roof) never mind using percentages.

As it is, the most possible future event is for people upstream from me to want the water to drain from their properties FASTER, requiring more and deeper ditches running downstream, thereby further inundating the downstream folks.