This recently came up while I was discussing a potential partnership.

Find out from your local courthouse (at whatever levels does the function) what steps and procedures you need to follow to evict in the case of NON-COMPLIANCE or NON-PAYMENT.

What you really need to create are the partnership documents or articles of incorporation so when you are all standing in the kitchen screaming at each other you have a document to explain how you will dissolve the partnership.

So long as its not a sole proprietorship or general partnership i have no objections...KudosMary

This definitely sounds a little more creativity ( win – win for both parites )Joe Hollis : You know how people " act funny " when it comesto money, so make sure the partnership contract is air tight.Also welcome to Biggerpockets

A CFO is merely a safer way to go than a LO, not perfect, like a business partnership is not perfect!

Sean:If you are renting rooms, then it's functioning as a rooming house and you have to deal with the "roommate drama" over use of common areas.

Thomas Mark and Jeremy White do you all offer mentor opportunities or partnership??

BP has functions for both of those, you should be able to pickup some solid information and contacts while sticking with the website.I would also recommend trying to find some local events or wholesalers to pick their brains, there is no substitute for direct experience.

No on-site office, nearly autonomous functionality.