I'm glad this thread came across to me based on my keyword alerts!  

Otherwise, I would always suggest hiring an attorney to draft one up for you, or at the very least, find a template and have an attorney review it to be sure you've got your bases covered.Good luck! 

I think the question that bases the shape of this argument is, how old are you? 

Hi Dylan - I am also new to RE investing but have a lot of background in building a solid financial base.

The equity and profit would all be split based on money put into the deal, so I would have 20% equity and would be entitled to 20% off the net profit.Here is my issue: both of them are pretty set on holding the property free and clear (10+ years) because their primary goal is solid cash flow and secondary income to their businesses which can be seasonal.

It has cash flow of only about $200-$300.00 a month right now, however May-October I expect cash flow mo. to be about $900.00-$1200 mo. this is just based on AirDNA which we know is not very accurate.Again, im looking for any scenarios that you all could come up with for me that I could present to my builder/friend, that would be equitable for both of us if we entereed a partnership or JV.Thak you in advance!

Airdna is not just based off algorithm but actually data pulled directly from Airbnb/VRBO, which hosts agree to sharing when they list on the sites.

Located right in front of a large navy base.

Be careful about the neighborhoods, there are some neighborhoods in the counties that I won't put money into based on downward trends of maintenance and appearance.

Here is a scenario I’m basing my question on.