The rural one required 35% down.

Given you aren't clearly a prorata split of everything (IE both names on title, mortgage, etc), Partnership treatment would be much more supportable than as a TIC.If you have an agreement in your JV that you are sharing the expenses and revenue of the venture, the JV certainly gets to claim those valid expenses, including the mortgage interest.If the property was never in service and was being renovated, that interest may not have been deductible anyways and it is possible it could have been required to capitalize it into the renovation, in which case you'll recapture it by your share of depreciation.

I usually require written notice. 

As my wife and I are both over 45, we require a distinct approach to ensure we can retire within the next 10-15 years without having to work, particularly in physically demanding jobs, until our final days.

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

I am in the process of interviewing property management companies to oversee my rental real estate portfolio and require your expertise in the following areas:Develop a detailed interview framework that I can utilize during the interview process.

From what I remember, Utah residential code does not require foundation drainage and therefore, no window well drains (where would it go?).

Even 'builder templates' or stock plans will require their own trip through the City for permitting.

Recording it will require you to pay off the loan in entirety in most cases unless the new bank is willing to allow the remainder of your private note to subordinate in 2nd position which most national banks do not allow. 

You can get a judgement against him, but to to get a lien on his property would require much more than a judgment.