Just keep all your financial records regarding the purchase, improvements, holding costs, etc.

hey @Mark Chetcuti, so a quick search shows that there is some legislation moving around in the EU to increase transparency on STRs plus more restrictions.There are some articles on the Brussels Times site, but a paywall keeps me from reading it.

Post no trespassing and keep a deed handy to show the trespasser and the police.

Have looked at many others, but just didn't make sense or we didn't like the way the company operated, kept books (or didn't keep books)!!!

I think the easiest way to find the right partner is to find one that you are aligned with as far as investing in rental properties.The other option would be to keep flipping properties until you get enough money for a down payment on a rental.Another option would be to look for a BRRRR (buy, rehab, rent, refi, repeat) because then your friend could still bring money to the table and you could pay them back their portion plus interest and then you keep the rental property.What area of Chicago did you do your flip in?

Keep learning and growing.

Context: My spouse is a real estate professional by materially participating in the management of multiple Single family Residential.She spends more than 750hr and keep a methodical record oh the activities.

Please also keep in mind that you will need to file NPT and BRT returns as well.  

Big biggest suggestions would be learning how to operate properties and master seller financing.I will keep those suggestions in mind.

Then I could keep his/her deposit money and any capital improvements put into the building.