It took me 13 months to open a bank account in Belize.  

@Tim Hem I think Account Closedare right.  

I don’t have any direct experience with retirement accounts as I never opted to use them so I could keep cash available for investing now.

That is your denonimator.You also take the cash flow you get from rent minus all your expenses, so at end of day how much $ is in your bank account for the entire year.

So, I would only recommend doing it when there are synergies to take advantage of such as the partner having a skill like HVAC, interior design, accounting, etc. 2.

But I do have my business account at the local bank so maybe that will help.  

My name is Andrew Grove, I am using my dad's Bigger Pockets account to reach out for help and advice.

They ended up with no help, and less money in their bank account.  

Net proceeds - Is the amount of cash that goes into your exchange account.

In addition, all Rent payments hereunder not made within five (5) days of the due date shall bear interest at the rate of one and one-half percent (1-1/2%) per month"The monthly rent is $1550 so the late fee is easy - I've set the account to charge 5% if the rent isn't received within the 10 days stated ($77.50).