Is the 10% pref and 50/50 split fair given the risk and potential reward?

We got the property measurements from the legal description and he drew up a very detailed site map.

Consider what questions the potential mentor may ask and how you would answer.

.: There is no legal requirement to respond to her threats.I highly recommend you hire an attorney and get rid of her.

., etc.A good projection model will show you not only how to reach various goals, but it can show you all sorts of potential roadblocks that could prevent you from reaching goals (as well as potential solutions to those problems).

It's crucial to estimate the total cost of these renovations and weigh them against the potential increase in property value or rental income.

Can you make a legal suite? 

This involves discussing legal and tax implications with professionals like a real estate attorney and tax advisor to find the best structure for your situation.

It took a while to get right - but we've had consistent success using a mix of research, mindfulness towards our neighbors/neighborhoods, conversations with cities, legal discussions, and as a worse case fallback is converting the home back to a single-family property and where we offer to manage it for a discounted price since it is a tough situation for all involved (this is very rare).Hope that answers your questions/concerns - let me know if I can provide any additional info as well.

I am not an attorney so do not take this as legal advice.