For the commercial side they have a different individual who handles those loans and while I haven't closed on larger deals with them I imagine based off of my experience that they will be just as professional in the larger deals. 

Would love to connect with some like minded individuals in the area. 

At any point in time they also have the right to demand any money in the account back.

If it looks like half their rooms are filled, there is enough demand. 

The security deposit goes with the lease/property not with the individuals that are on the lease.

You could put the water in your name and then charge the water individually to each unit.  

A conventional mortgage will give you a longer term and bette rates (15/30yr, 4.3% or so) but require the property to be owned individually.

Therefore - your liability should be limited to the amount that you contribute to the partnership/LLC.Whether you feel 50% is fair or if you should be entitled to more depends on what each person is bringing to the table and what his/her level of experience is.The more experience a person has the more leverage he/she has to demand a higher percentage of the profits.A general contractor/property manager with 20+years of experience likely has more leverage than a contractor who is just starting out.It also depends on what you require as a rate of return.

Hello Everybody, I am thinking of creating an networking event for all ( investors, lenders, wholesalers, agents, etc.. ).Either in the Houston or Cypress Area. if any is interested please let me know, looking forward to connect with like minded individuals!  

We get to benefit from much higher rent demand and lower taxes in Indiana than Illinois our typical turn key is about $90,000 to $125,000 and rents from $1100 to $1350 There is a lot of opportunity with all the railway and airport expansions in this area and we are seeing retail housing jump 10% plus.