I offered to accept my documents & loan fee as compensation for the illegal processing.Walked into the office two days latter and collected both.It is TRUE that this is 24 yrs later and the standards have changed, so verify your rights before you pull the trigger on the above suggestion.

So while I may not be quite ready to pull the trigger on a first property, there's nothing here forward keeping my hand off the trigger either...

Should I do signed  partnership  agreement?   

NEVER SAY: "I have a contract for you to sign," thereby automatically triggering a distancing reaction, feeling of needing to 'consult with an attorney,' etc. in many people...)

it is a 50-50% partnership between you and the tenant. 

Today I am considering pulling the trigger on a luxury vehicle .

This will put you in places like: Katy, Cypress, Tomball, Spring, Humble, Huffman.Check out the Greater Houston Partnership's website for some great information on the economy and demographics too.

Or are you in a partnership?

He came up with an idea to give me money for down payment and we make partnership to buy first house.

I am in turn intending to "sell" the property to a partnership LLC that I have with two other partnersI'm in need of counsel on the best way to do that.