Additionally, his equity split is Investor Equity (80.0%)Sponsor Equity (20.0%), is this also typical? 

Thus, if you ask your employer to withhold additional amounts for the rest of the year, the penalty can be retroactively eliminated.

Get your lawyer to adjust the terms to include additional partners.Never operate any partnership without a legal binding contract.

I had an engineer over last week who told me that in order for my retrofit to be code compliant (Chapter A3) we will have to add an additional shear wall under the house, which will be big $$$.I'm currently working through my options, and was hoping to get some insight from the forum on what my best path forward is.1) Do nothing and leave the house as is.

For example, when selling an automobile to acquire funds which will be used as a source of down payment or for closing costs, the lender will usually require the bill of sale (in addition to other items) to help document this source of funds.biweekly mortgageA mortgage in which you make payments every two weeks instead of once a month.

I am with @Tim Swierczek here - tenants are not going to pay the same amount of rent for unit that they also have to pay additional utilities. 

Am i taking on additional risk since they do not have experience? 

With regard to paying people to stand around, my thinking is to start with a part time employee with the intent of within a moderate amount of time ramping it up to a full time employee and perhaps 1-2 additional part time employees.

I often attempted to self-serve business critical records.

Single Family Home (East End Louisville)- Originally my primary residence ($209k)- Property is in our personal names (not in LLC)- Comps in the neighborhood are $285k- Built in 2002- In well established  neighborhood w/ middle income families- On 15 year 2.99% mortgage w/ 8 years remaining and $115k principal balance- Currently rents for $2,185 month/$26,200 annually- NOI $16,320- Cashflow $4,500/annually - $12k principal pay-down annual (current year)- Currently getting less than 3% return on our equityOriginal goal was to not cash flow but pay off property, allow appreciation, sell property at end of loan and use capital for additional projects.