Of course, this requires mutual trust and written agreements, but any joint business does.The only situation where a true partnership and an LLC is unavoidable is if you also split costs, not just the fees.

I had failed at multiple business ventures before. 

Hi, I’m a newer investor as well with multiple doors across a couple midwest cities (Memphis and Detroit).

I have a few questions about handling this situation:- should I hire and pay for a plumber to go into their unit to cut open the ceiling and identify the source of the leak? 

Understand the status of systems going into a deal especially when dealing with multiple tenants!

The situation was very similar to yours.

I'm curious what investing looks like in Arkansas and if there are any local investment Realtors that can shed light on the situation around here.I live at home so my expenses are quite low while I figure this out, which is good. 

To calculate your land value, take into consideration the average price per square foot or acre of the comps and apply that to your land.Steps to apply comps to your property:1) Compile multiple comps: Find a real estate agent to help you put together a list of comparable properties.2) Make adjustments: Analyze each comp carefully to determine whether it has advantages or disadvantages when compared to your property and make adjustments to the value upwards or downwards as necessary.3) Determine the use of weighted average vs average: Depending on how close the comps are to your specific property; you may consider utilizing the weighted average method to place a greater weight on those properties that more closely resemble yours.Using comps to value your land can add a component of complexity and subjectivity.

No unregistered vehicles and no vehicle repair on property is in the lease (although I wouldn't have a problem with emergency battery and tire situations, I prefer they don't change the oil on the property. 

Has anyone else, in a similar situation, had any luck getting a HELOC or Equity loan on a property with an ADU and JADU?