Assume you start out well and everyone is an equal partner, they are showing up for meetings and actively voting on all major decisions.

Motivation & Situation equaled a very hard don't wanter.

When a contractor says that, they mean “the cost of rehab is equal to it higher than the cost to rebuild.”

And any money that is collected, whatever it is called (pet deposit, last month's rent, cleaning fee, or even advance rent) is considered to be part of a security deposit.As @Jason D. states, one alternative may be for the landlord to put the money into an escrow account and then withdraw an amount equal to rent every month, but as @Ronald Starusnak states, if you evict you are essentially terminating the lease and any money remaining from the collected amount may have to be returned (less appropriate legal fees).

It's very, very rare that you have "equal" applications.

All tenants are equally responsible for the condition of the house and getting the rent and utilities paid. 

Having partners complicates things as the buying entity for the replaxememt property typically has to be the same as the selling entity.Two basic rules for the 1031....ALL proceeds must be reinvestedThe purchase price of the replacement property must be equal to or greater than the sale price of the initial property(less actual selling costs)@Dave Foster knows all this stuff, and any possible exemptions.

That tells me that it takes someone 3 flips to equal the gain that I get from one buy and hold that I 1031 to keep the tax deferred. 

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

However we have always split the cost of everything equally (rent, groceries, utilities, insurance) regardless off my mounting debt and the fact that I make significantly less money than him.