Essentially I would want them to be secure in knowing that they have a 50% piece in an asset.

In my specific apartment complex, we used software that would change the rate  daily depending on availability & market rent.

I would like him to be as passive as possible, while I control the whole asset. 

Or you are concerned as comingling the personal asset? 

Does anyone have any advice on what software or application to manage rental portfolios and/or collect rent?

It is common for people homes to be their most valuable asset.

@Ron SharpThere should be lots of threads in the Canadian forums here on BP ... it seems like not a week passes without that very question.Depending upon where you are planning to invest, and what type of asset you are planning to acquire, you may have the option of using a U.S.A. subsidiary of one of the Canadian banks (TD, RBC, BMO) who will lend to you based upon your credit history and income here at home. 

PLUS WHAT IS THE BEST SOFTWARE TO HELP ME ANALYZE PROPERTY OR WHAT IS THE BEST WAY TO ANALYZE ANY PROPERTY.

My background is in Finance, Valuation and Strategy and I have spent most of my time working in corporate, as well as one year on Wall Street... which all equates to not much real estate deal experience.I am most interested in wholesaling, BRRRR strategy, and finding a financial way to take down some large cash producing assets/portfolios.I am looking forward to gaining and sharing knowledge with everyone.

Would this allow me maintain all financial decisions regarding the asset, without risk of getting sued or removed from the entity?