They'll be able to help determine if owning the property as tenants in common, as joint tenancy, or to avoid the situation overall is most appropriate. 

I suggest reading this to understand how joint ownership affects you tax wise: https://www.stessa.com/blog/jo...

. - Other GPs: In a joint venture (JV), General Partners must also build a strong team with other GPs.

99% of the time a toilet or sink is clogged we let the tenants know they will be responsible for the bill.The most common repair we find is plumbing issues with leaking pipes, joints, boiler piping etc but thats because we manage a lot of old housing stock (100 years old).

Present that deal to your preferred relation and ask them to finance your deal (jointly sign), share the downpayment.

My multifamily were done the traditional way, making relationships in a local market (Huntsville, AL) and leveraging those relationships to find off market deals, and then joint venturing to close Acquiring and managing those properties has been quite an intensive process, which I couldn’t have done without my partners (one is a commercial lender and the other is a real estate lawyer).

welcome to BP Lisa ask questions, network, inquire about partner or joint ventures this place is awesome @Brandon Turner is the man the site is filled with helpful people 

Things are pretty bad if you can’t keep a burger joint in business.

I'd like to know more about this property and it's location because these are knee-jerk reactions.

As @Sam Grooms mentioned when setting a partnership it is important to set rules up front. who is in charge on what, what would be done if circumstances change and if one member need/ want to get out, etc, etc. you can start with brainstorming about these points and do a memorandum or understanding, or heads of agreement. then consult an attorney and put it to a joint venture agreement or partnership agreement, operating agreement. etc.