Your contribution will be risk and credit This seems like a fair way to split a deal 50/50.

I'm fairly new here myself.

If the needed budget amount remains unchanged and property values change, as has happened in many areas, then the rate can be adjusted to maintain the required funding.

Not being sued is pretty straight forward.Treat people fairly and don't do anything causing others harm.About 20 years ago the AMA released a study showing doctors whose patients liked them were sued far less often than doctors whose patients didn't like them.We always liked our tenants, after all they are paying for the assets we will retire on, right?

You too can lose out as you may get a judgment if he walks but you have to collect, that's a different matter, so that should give you an incentive to be fair with him.

Fairly simple really.

Also can you give me some idea of the costs involved in maintaining the license?

We gave BiggerPockets meet ups fairly often, David.

I did inspections on all houses and there's a fair amount of stuff, as can be expected.

@Nate Hollembaek I am in the Portland area so I do not know the Eugene market extremely well, but I do know enough about it that I think it is a fairly stable market for buy and hold investments because of the fact that it is a college town as well as an attractive city for people to live in long term.Not to sound too cliché, but you should probably get connected with a local real estate investors association there.