And another, one guy spoke with the investment department of a well known world wide high tech company and arranged to give real estate investing seminars *at the company* in one of their conference rooms on an ongoing basis.

In that case the investor would basically be using their name to get a loan and otherwise completely passive.So instead of deciding what the split should be you should be discussing with your partner what the business arrangement looks like.

But hire an attorney to prepare the paperwork -- a business attorney with real estate knowledge -- so it's clear exactly what happens if there is a breach of the agreement.Nobody wants a partner who does nothing yet, due to an improperly structured arrangement, still ends up with equity.

Estoppels eliminate the "but the previous owner and I had a special arrangement" argument. 

What do I need to watch out for and what can go wrong with this arrangement?

If so, you might be able to find a partner or buyer with cash to pay off the HML, take over and complete the project, or perhaps arrange for someone to buy it outright and make you both reasonably whole.The HML does not want to foreclose.

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If it has bowed or sagged, you likely have a load-bearing problem.Also, the gable end of your roof (assuming you have a typical roof arrangement) is a indication of the direction the roof trusses run.

There is an experienced fund manager in California who creates Co-sponsorship syndications that get you going with full training etc in a few weeks This saves you time, money and effort and you could start raising capital under the SEC exemption rules in no time.

Just brainstorming here but wondering if it would be possible in an arrangement like this (renting from yourself or a home exchange) to expense property taxes, interest, etc (and depreciation) as we have lost most or all tax benefit of mortgage interest and property tax deductions on a primary residence.Regarding accessing equity, I'm referring to selling your home to someone and renting it back from them and using your proceeds to invest elsewhere.