Typically, you will close in an LLC with the ownership being divided between you and the person that put up the down payment.Ultimately, it all varies from deal to deal and partner to partner so you will have to work out terms for each.Hope this helps! 

Would need to put in a fence to divide the access.

For this reason, I divide the total bill by everyone.

My understanding is that if the three of us show on the title, technically the ownership is divided by 3 and instead of me having a 50%, I would have a 33 (although I may be wrong)What title structure we should use so I'm 50%?

I owe 341k on the property right now, but I'm not sure how the mortgage and everything will work as it gets divided.

But just take you're Cash Flow (which you get from taking your net operating income and subtracting your debt service) and then divide that by your overall cash investment.

Dividing the lots into two legal parcels with two stand alone units will appraiser much higher than adding a ADU or adding a mobile home.Look into prefabricated homes rather than mobile and having two sets of utilities and separate lots.

I see this method is very much divided in this thread.

@Mason Traylor Something to take note of is that Franklinton is divided into East and West with US315 being the divider.

A cash on cash return would be the total amount of cash spent divided by the annual cash return, net after all expenses are paid including the debt payment.