If I put in 50%, and a passive equity partner put in 50%, how should I structure the split?

I had my crawlspace encapsulated, and that involves a dehumidifier and a sump pump. Ideally, it makes a difference in the quality of the air inside the house and energy efficiency.
About five weeks after the job, I s...

John Jackson rocks!

You are barely over the 1% rule which does not typically offer cash flow.As far as the partnership questions, tough to say. 50% split is reasonable if the deal is good.

We were going to buy primary in Va Bch, then rent or buy a cheap condo for work, split our time between the 2.

Iv also considered buying a bigger house with a close friend whos in the exact same financial situation/income as me (we work together) and flip it and split it 50/50 (with all the lawyer paperwork to boot).

So, properties are going for rock bottom prices.

Welcome from Round Rock!

The law states whether a house is occupied or not the HOA dues are split between houses.

If there's neighbors on both sides, then they are probably in the street at the property.A 10,000 sq. ft. lot is a very nice size in heavily populated areas, and it could be that the lot could be split, etc.