I realize this is new construction, but tenants break things and over time you will have CapEx items.

Natalie - I heard somewhere that the CARES act is allowing landlords to expense items that would normally need to be capitalized in 2020.

Id like to add one item to this important thread.

One of the items it addresses are "time sensitvie" exchanges including 1031 exchanges. 

You keep a running and itemized tally, and if you win, the court will award you those fees from whomever is opposed to you in court.I appreciate your response, but maybe an actual broker can comment on this thread.

I have been itemizing my title search criteria on exactly what I want to hunt for.

What stores sell bandit signs?

Almost every restaurant and retail store had to shut down and many rental companies are in a difficult spot as they had to refund all the money they received from the deposits including their fees even though many of the homes had been opened up for the season.

@Ross BauerMake sure you both consult an attorney before proceeding with the partnership to draft up the agreement.The agreement should have in writing items such as split of income, exit plan, plan for unforeseen circumstances, responsibilities of each partner, when to make capital contributions, etc.You may also have to consult with an accountant to take care of the partnership tax return.

Though, if you plan to do more work to it just be sure to price out the contract work for the items you want to fix up.