First thought was to- My party keeps security deposit.

I disagree that the 1065 would be the more complicated route.Relying on each owner to report, accurately, their share of rental activity on Schedule E, plus issuing 1098s to the parties not named in the mortgage would be more complicated and more prone to error, especially if it's being undertaken in a DIY manner..I concede a 1065 would be more expensive than DIY tenants in common, however it frees up the owners to pursue higher value activities and provides them greater assurance everything is being done as accurately as possible.If we want to say error is being mitigated by a tax pro doing the returns of the owners in a TIC situation, sure we can say and all agree to that, but IMO the compliance fees for a pro in this situation for all individuals would be higher than that of just engaging a pro for one 1065.

The tricky part is that the piece of land in question is in Belize, where the real estate market is very lightly regulated, to say the least.

But if I take pictures of the evidence, I think I’ll be well covered to stand my ground.

Your business interests may even expand beyond just you and your spouse and I would not be comfortable entering into a business relationship with a party in which I didn't know what the outcome would be if the party were a couple and I didn't know clearly what would happen if they separated.

I’d love to connect more - does PM stand for anything on here? 

Hi all, we are looking at a 3 family which for the most part is in need of only very minor repairs/updates.

The cops spoke to both parties and came to the conclusion the property was fraudulently sold to me.

First, I would require a full credit/criminal on everyone in the party, no exceptions. 

Make sure your descriptions stand out from other landlords.