At present, we're trying to figure out the details of how our partnership should work.  

It's functionally impossible to comply with both state and city laws simultaneously, so it's an absolute nightmare.

This is a tough one & the answer is really a function of how much $ you've put into the business versus your partners; if you're the broker or an agent, how the current partnership splits profits & how much margin there is in the deal.  

I've read a bunch of your posts and listened to a lot of podcasts over the last week (listening to show 61 as I type this).To find the place where I saw three free uses, click on the link below, do a 'Control F' to search the page (or another search function if you are not on a PC), and type in "you can try" and it should take you right to the spot. 

Either way the simplest partnership is splitting profits 50-50 between her and you (and your husband).

IS anyone doing ANYTHING like this and if so, what partnership structure are they using?

Hello,So far, we (3 way partnership/LLC) have bought all of our properties using cash from our SDIRAs, or commercial blanket loans with 20% down, and a few non recourse loans using SOLO401Ks.

Aloha,Most brands of handsets can be obtained as "storeroom" function, which are always locked and require a key from the outside.

Originally posted by "atarget":it's no brainer that both of the parties - you and your banker cannot make money at the same time from the same stash :D Both parties make money off the same stash all the time, it's called partnerships.

We need to set up a business structure, whether it be a General Partnership, LLC, LLP, C-Corp, S-Corp etc.