I have found people show you business insurance and then after words they cancel or do not renew it and don't tell you.It's too much risk with no upside for you.No legal advice given.

My question is: How do we legally structure the partnership to reflect the ownership (20/80)?

However how are you (or can you) claim the expenses paid to over seas freelancers when working with them directly and not through a 3rd party site like Upwork? 

Whatever they think you have done would have to be worth the legal costs to try to recover.

There are several legal concerns with your proposed business model which should be reviewed by a local attorney before you begin leasing.

Account ClosedNice to see you participating in the forums ... and the small step forward of dropping one of your frequent {stuffed} keywords from your post.The handling of a squatter vs a tenant will undoubtedly differ with jurisdictions, so the ultimate advice is to consult your legal counsel on the matter.The crucial distinction - at least here - that that a squatter had no legal right to be at the premises and is essentially in trespass / illegal possession of the property.  

it's not the zoning you're changing but the legal usage btw.

Under Alabama law, Tina now has all the legal responsibilities a landlord has, including the responsibility to make repairs, etc.I strongly discourage people from entering into subtenancy relationships. 

I recommend trying to get all parties to try to chip in more money towards the HOA.

(A basement apartment or carriage house is actually the only way you can do short-term rentals full-time legally here in Denver.)