Now most times a resident is under market and this isn't an issue, but I'm just illustrating a point.

@Jessica HowellIn the operating agreement we typically put like $1,000 as initial contribution.

In the last year for Knox county specifically the median sale price is up 9.92% and the whole MLS is up 7.14% year over year.After beginning to recover in July and August, home sales throughout the East Tennessee region slowed up again in September which is somewhat expected as schools get back into swing.Mortgage rates remained below 7% for the entirety of September, for the fourth month in a row.

It would be a lien placed on the entirety of the property that is deeded in both your names (or in your entity, if you closed in the name of an LLC).If you plan to take full control of the property, you could refinance in your name/entity alone with a cash-out and pay your partner off with their equity share.

I think you really need to work with an agent based on what I am reading between the lines in your post. 

This would be with just one Partial buyer or you might call that person a lender. 

Welcome to the community and be ready for a huge amount of information at your finger tips.

I provide the 3115 and 481a adjustments for my clients and their tax professionals with the cost seg studies.

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Long story short, I have been selling assets and plan to move back into the lending side of the business...