I would recommend that you probably split that profit in the rental of the unit about 90/10 or 90/5/5 assuming you take all of the property management as your responsibility whether or not you hire a property manager or a property management company to be involved in the daily operations and you would manage the manager and keep their monthly reporting that you need.I am assuming you will own the property under your name or a company you own. and/or you control what happens to the property which might be owned by a Partnership company. 

It was news to all of them that this house was still sitting there and technically didn’t belong to anyone.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Subsequently, it can effect your utilization rate.For example, I had a commercial line of credit, that had not been reported to my credit reports.

(it was instituted back in the days of 7% interest)I believe that any bank will want his ss if it is in his name because interest must be reported. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

This includes operating your heating and air-conditioning system as appropriate to reduce humidity, using appropriate ventilation, limiting evaporation of water, promptly removing any visible mold, and immediately reporting to us any leaks or other water intrusion into your apartment or any visible mold that you cannot remove.

It's not a good feeling to be watching the morning news (I was in town and rehabbing the vacant unit) and seeing your property on the morning news linked to a death (at that point the news reported it as a murder). 

That’s like asking how someone has time to read the paper or watch the news or catch a game.

Tell them your farm area and ask them to email you reports.