Protections for "partner" should be clear in partnership agreement, partnership agreement should be made by an experienced attorney, and others will vary based on deal structure.Splits of profit between different "partners" can vary greatly for a number of reasons. 50/50 is common for a "partner" funding purchase+rehab while you do all the work.

I'm not an attorney, but it is more and more common in this day and age for this to be an issue.

If I rent out a single family home, are children more common in these and does that make them more risky than a duplex or fourplex?

If the guy is just this side of a crook, then he'll reject any deal that would allow the buyer to make money.Here are the numbers as I see them: (notes here)Mortgage Rate 5.00%Length of Mortgage in years 15Monthly Mortgage payment $1,601.36 (195k principle)Taxes $125.00Sewer and Water $300.00 (I don't have a clue how much this costs where you are, but this is about what it would cost me to run 9 units)Trash $200.00 (I have 7 units on a $150/month dumpster)Heat/Utilities $- (Are there any common lights?)

But you must use common sense along the way.

There's no sign of park commons area watering or a park commons area at all for that mater.

. $17,800 for the year comes out to $64.49 per month per unit for gas, water, and common electric.

I would argue, in fact, that it is the most common strategy people have followed in this country for decades.

Our number is 10% (very common for most QSRs).

.: $1,800Repairs(Not Much Needed): $3,200Utilities(Water, Common areas electric): $1,500Maintenance(5%): $1620Lawn/Snow Removal: $1200Total Operating Expenses: $12,520Net Operating Income: $17,180Annual Debt Service: $9155Cash Flow: $8025Cap Rate: 9%CCR: 16%Am I missing anything?