Most were later evicted for non-payment of rent.

I rented it out; however the association fees were higher a few years later so I decided to sell once the cash flow didn't make sense.

This turned out very well as I was now getting yearly profit distributions and all partners were giving a 15% salary increase a year later.

I believe the "duty to mitigate damages" came from the common law and has later been opined and upheld in numerous Supreme Court cases.  

I walked the property and made an offer on the spot, 3 hours later we had an accepted offer, 15 days later we closed.

Learned later the S Corp and the S Corp owner was sued for $3 millions dollars.

Two days is pretty cheap, but compensating them removes them saying later "remember when that generator broke" because you can say "remember when you didn't pay rent for either day it was broke". 

Then simply lock it up in their name or a new entity name and give to them for your fee.If you do go the double close/transactional funding method, get your funds lined up earlier rather than later.

My late father had a partnership with a family member, nephew.They were friends for as long as one knew them, however later probably due to differing expectations, duplication and poor communication the deal went southIt was an informal arrangement on a commercial property.They were doing the exact same thing (duplication of duties)To be honest i am skeptical of partnerships unless its the variety of bring a deal(syndication/flip seeking private lender) and the other is a money partner (private lender/passive investor).Maybe also listening to a mentor where you stand to gain from the other investor's experiences and contacts (sponsor).

Later down the road I think I would like to get into building multifamily homes.