Windsor Ontario - Mortgage pre approval for partnerships?

[Quin Green]

Hi everyone,

What does the paperwork/process look like of you want to partner up on an investment property?  A friend of mine and I want to go 50/50 on an investment property, but I have a few questions on how this works:

-> How does the pre-qualification for a mortgage work if we are 50/50 owners?  

-> Would a 50/50 split contract be included in the regular lawyer/realtor fees when buying a property? or would this be separate?

-> Any other concerns for paperwork payment for a 50/50 split partnership?  

We are located in Windsor, Ontario.

Thanks!