@Chris PaceAdam is correct, it's one of the best ways to ruin a friendship.At the very least, pony up a couple of hundred bucks and have a lawyer draw up a formal partnership agreement which covers exit strategies for one (or more) partners and has a conflict resolution process builtin.

re: Kansas City, most people don't know it's really just one metro area... just happens to be divided down the middle by the state line.

Webster Lake remains a huge draw and the town itself has a lot to offer.

But must be verified by 60 day history, and must be a gift with no requirement to pay back.Reserve Requirements 3-4 Unit owner occupied properties must have 3 months PITIThree (3)- and Four (4)-Unit Property The maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.Livable Conditions The property must demonstrate the following characteristics: A continuing and sufficient supply of safe and potable water under adequate pressure and of appropriate quality for household uses.

I sent it to Zack he reviewed and approved the same day, in under 4 hours as I recall.Zack has been great with communication, availability, willingness to answer questions and handling the mechanics of the deal related to the contract, closing, escrow, draw requests and leveraging technology all along the way.  

My father is an architect so I would have access to any and all drawings needed for any upgrades/new houses.

Approximate costs $1,000 plus 4% on what ever I draw out.

YMMV in other locations & with other sources of joint income.In 2014, when I turned 62, I began to draw social security.

Now, if you were to put an additional amount down at closing and you qualify for a larger loan amount, and the property appraises for the purchase price or more (or you made up the difference, then your purchase money loan can be piggybacked with future draws, this is a future advance loan.

But must be verified by 60 day history, and must be a gift with no requirement to pay back.Reserve Requirements 3-4 Unit owner occupied properties must have 3 months PITIThree (3)- and Four (4)-Unit Property The maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.Livable Conditions The property must demonstrate the following characteristics: A continuing and sufficient supply of safe and potable water under adequate pressure and of appropriate quality for household uses.Sanitary facilities and a safe method of sewage disposal.