I have a clause that I can charge them for this excess use, but didn't enforce it in this case because of some other issues.In a multi without split utilities its harder to do. 

That means a lender must give excess amount back to the borrower.

Each can give your wife $14K, so if the value of the property is more than $28K, the excess would reduce the amount they can transfer tax free on death.  

Instead, you should deduct the repairs from the deposit and bill them for any excess.  

If this ends up being flipped as a pure wholesale deal, my partner thinks a 50/50 split of the profit between us is excessive since he has done all the work up to this point in finding the deal and, while I'm providing the $16K in purchase capital, I wouldn't be needed to fund the rehab.

My point is....there are tons of funds that have excess capital and nothing to do with it.

My current understanding is that you can't count rental income in excess of the PITI for any given property as excess income to use in your DTI calculation unless the rental income has been on your tax return for 2 years.

We applied for the certificate of occupancy and got flagged in nearly every single room for the WINDOW SILL/SASH with the following code violation:The interior was found to contain protective covered surfaces in a state of deterioration in excess of more than ten percent of the identified building component with a small surface area. 

Hi Brandon, I've administered in excess of 125,000 1031 Exchanges during my 31 years in the 1031 Exchange Qualified Intermediary industry. 

Set it up so you both get paid out a certain about during the operation and and if you meet certain return threshold, you get a higher percentage of the excess returns.Don't look at it like you want equity in the building.