It doesn't matter to you which of them contributes what.

Which if you can pay cash and assume you will get your cash back when you sell is fine but if you need a mortgage you still have certain margins you need to meet.

When ROE falls below this range, it might be a sign that your property has accumulated too much equity, and you could consider options like cash-out refinancing, selling, or 1031 exchanges to redeploy that equity into higher-yielding investments.During the growth phase, focus on maximizing returns by keeping your ROE within or above this range.

Do you only work in Ontario?

Quote from @John Federic: I ran some numbers for you using the Cashflow Analyzer Pro from AssetAFC.com (see the attached picture).From my perspective, this deal still looks acceptable, even though it won’t cash flow in the first year, assuming a 5% vacancy and 5% for repairs.

I believe they just take a cut for what they get you.

Any insights or experiences you can share would be greatly appreciated!

Feel free to reach out if there's anything I can assist you with!

How do you handle it?

So if he is ownership, then he needs to be on.What you probably should have done is created your own LLC and have a joint venture agreement for each property/project.