KC Thank you very much for your words and sharing your perspective on areas I wouldn’t have thought.

I will be a 75% owner of the 2 properties we shared and a 50% owner of his separate house. 

Happy to share my underwriting model, which also allows for underwriting syndicated deals.

Does anyone have a surplus contract and fee agreement they are willing to share?

Additionally, if you have any recommendations for professionals I should consult regarding these decisions, please feel free to share.

thankyou so much Joel i appreciate it, been looking at some prospective syndication deals in commercial retail/shopping centers and also at some mortgage loan funds too, one offering 8% preferred, fixed rate with no profit share of anything above that with a few year lock up period, trying to figure out how to compare apples to apples within the commercial retail/shopping centers syndication is confusing as well with the different terminology and the different splits structures etc

Make sure that any shared walls are free from any of the separate mep's and that you can fire block completely.

All utilities were already split.A master insurance policy was required to cover the entire structure (This is the only shared fee from both units) My attorney had to split the deed and file some other paperwork that i do not remember the details of but it was painless at the time. 

I would suggest doing a meeting with minutes showing you are transferring the property to the LLC as a capital share for you, just like you would put cash in to start running a company. 

@Suzanne Nicholas - Happy to share information on our fund (accredited only) and passive note platform where you can invest in individual notes.