A potential solution is I take out the commercial loan on the property with my finances and credit allowing me to do so and she rent from me potentially in the future setting up a lease purchase or even flat out purchase when their credit improves. 

@Matt Duckworth I always tell people that improving the lighting is a quick, inexpensive way to bring a unit a fresh look.

@Paul Smythe @Zachary Beach  What I spend on improvements may have zero comp value.

I believe this is a never ending process and that the goal should just be continuous improvement.

Keep yourself organized and strive to continue to improve your agreements and always be brave and responsive with your tenants and your properties.

We will apply for the loan jointly as individuals and not with an LLC or formal partnership.OR would it be better if I put all the down payment and limit the partnership to using his income for the loan approval?

@Adam Hurst A joint-venture agreement could be used for long term while an LLC is created per acquisition with splits relative to the resource or effort on each property.

Afternoon all!I am about to close on the sale of my rental property, which I own with another party (50/50 ownership). I have managed the property and the relationship with the Property Management team for the past 10...

It sounds like their is opportunity to improve that monthly revenue. 

I have been able to buy, lower my management cost, improve the property,  and increase rents.