This could be an LLC jointly owned by the contributors or a Joint Venture agreement, but you'll be thankful for this structuring 5-15 years from now.If you are using OPM to take down a property and you'll be cashing them out, then you don't need a structure like this necessarily -- a promissory note and related instruments can be used and then once the cash-out happens they are paid off and released and you own it pure and simply.

Her music for an hour then my choice for an hour, on the road there and on the road back.

Great beach, restaurants and music venues.

There are no zoning laws there, which is all well and good until your neighbor opens a night club that plays loud music until 4am, or turns their property into a pig farm or a trash dump or a brothel, or you name it, which lowers your property's value and renders it impossible to sell, and there's nothing that you can do it about. 

It is always best to read every deed and instrument in the chain of title, fully, to see what is being conveyed and what is being retained.

By definition this risk capital is seeking a higher risk/return dispersion and thus the instrument in current law that limits how much one can invest with certain exemptions is prudent.

I don't really listen to music either.

Set up a section for non-related real estate discussions that is not moderated with the exception of serious flames, for personal, politics, religion, music and whatever.

@Joseph HammelSome examples of estate planning I have done with my real estate clients include the use of family limited partnerships to freeze value of estate along with defective grantor trusts; LLCs with preferred interests (similar to debt instrument); sale of membership interests to defective grantor trusts; annual gifting of LLC interests using discounts for lack of marketability and/or lack of control, etc.

Chris Mason, mortgage broker, was instrumental in making this deal come true.