Your profile mentions having your kids eventually get involved in real estate.You might want to see, depending on their age and income levels, if they would be suited to be paid some wage for work that they do on your rentals.

Maybe not now, but you will be held accountable.If you are starting a business to run as a real estate firm, with the mindset to eventually hire some employees, and use different strategies to make money, it's best to be incorporated.

I initially thought it would look too dull/sad at first but we used warm wood floors and it looked great!

I don't know if an ice-cream franchise is a good fit in Alaska or a Wool sweaters is a fit in Hawaii.5) How does franchise X fit with the rest of your tenants (assuming it's a retail strip of some sort) a pizza franchise in a strip mall that already has a pizza place will compete with each other and will eventually cause one of them to lose their business and you to lose the tenantJust some food for thought. 

Not sure if this is the right place, but just wanted to introduce myself.
My name is Christopher "Pez" Lopez, actually most people don't know my real name and only know Pez. I just finished up my second internship wi...

General "I'll help out" doesnt cut it as this eventually falls less and less.

I could do 25% down to provide extra cash flow per month, which I would eventually reinvest into mortgage pay down.  

Be upfront with them that you're moving the property toward one year lease terms and market rent eventually.

It was the best and nicest property when it was built and was very popular for a long time, but it didn't get the reinvestment that it needed, tired out and eventually closed a few years ago. 

-They would get 60% equity and 60% of cash flow-Cash flow won't be positive until 2-4 years later-When we eventually cash out refi to buy our next property, which may be in 2-4 years as well, the partner would get their 60%-If this isn't attractive enough of a deal, would 70% or even higher make it worthwhile?