The other piece to consider is that debt allows you to buy and control better asset classes.

We did a major remodelling and addition of a property. we have friends who invested in the venture. 

You do not need to justify to them the reasoning so do not give them the control.

Neither party really has the ability to fully control the agenda so both are going to need to accept some significant compromise positions, and where that will fall is at this point just a pure guessing game.

Hey everyone,I am looking to get into the building and managing of apartment complexes and I would need a joint venture to fund the project.

The Mr. was arrested over the weekend on a Domestic Violence and a possession of a controlled substance charge.

That notice should be that the leases will not be renewed, due to circumstances beyond your control.

@Leon Doucette  the model of 51/49 sounds great, however might be a tough sell if they are financing 100% of the please let me know how that goes. thats giving you full control of their cash and seems like an unreasonable ask.

There is an "ABC test", as follows:Under the ABC test, a worker is considered an employee and not an independent contractor, unless the hiring entity satisfies all three of the following conditions:a - The worker is free from the control and direction of the hiring entity in connection with the performance of the work, both under the contract for the performance of the work and in fact;b - The worker performs work that is outside the usual course of the hiring entity’s business; andc - The worker is customarily engaged in an independently established trade, occupation, or business of the same nature as that involved in the work performed.But under B, my business is renting residences, which includes sometimes fixing a broken doorknob. 

In my eyes it is not an increase since I am adding an extra 160sq ft of living space to the 2bd/1ba but this CA rent control does not really cover this situation.Anyone been in a similar situation recently?