Times are certainly changing with the economic reality we are facing.

It sounds like you have goo economics in your market, so why not go for it.

You want particular people that value quality, they usually take better care of your asset, stay longer and have better jobs, and mental health.

@Shalin PatelPartnership's are great in that you can be very flexible with allocation of income between the partners/members.However, there has to be substantial economic effect for the partnership allocation to be valid. 

Tenant called owner last week and pretty much demanded rent reduction (more or less ~ "we can't pay all of it, we won't pay back the difference, we know you need whatever we can pay you, you won't find other tenants in this economic environment"). 

And each one was / is unique.. and I know when i posted on those threads .. my thought was we have no clue what is going to cause the next economic situation... 

Additionally, regardless of an economic downturn, I always recommend assuming conservative rents.

Like in Massachusetts they just passed a bill that says you can't evict your tenant unless they are a danger to neighbors or causing some kind of health issue.

There are also many structural things you need to follow, legal and economical, to being taking other people's money as part of a syndication or other format. 

Good economic growth on the horizon with expansions of the steel mill and economic development surrounding the riverwalk.