But it will work for your legal arrangement.

I informed them I had their signed and dated termination letter and that legally they needed to be out by 11:59 pm today or I will call the cops and pursue further legal action against them.  

Just to make sure Im being legal)

With short term gains in mind, I am concerned about the tax consequences.

This would be to simply create an LLC where you and your partner are 50/50 members (if you think is fair) and lay the structure, responsibilities, etc out in the operating agreement.Consult all of this with your CPA and your Attorney, since I'm not qualified to offer legal or tax advice.That being said, that 50/50 split will ultimately depend on how much value is each of you bringing to the table.

Depending on the base, you should be able to have the Legal Office do one for you for free (along with your will and all that jazz).I'd recommend a family member or very trusted friend, and set expectations with them.

You can qualify for the good loans, manage everything and gain great experience.I got started at your age buying a duplex and living in 1 side, renting the other. 

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.

Hello James,I am retired USCG.I have used my VA Loan twice now and its an amazing tool to get property with very little money down and start gaining that equity.It has been amazing at how my wife and I went from being first time home buyers to now owning several properties in Oceanside.

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