Hello everyone, I would like input from others when forming a partnership. Your help would be greatly appreciated.

A few things I’d want to work through upfront:

• Actual responsibilities: Who handles financing, contractors, property management oversight, reporting, and unexpected problems?

• Evidence of experience: What have they personally done, and what would former partners say about working with them when things got difficult?

• Financial expectations: How much cash stays in reserve, and what happens if more money is needed?

• Decisions and accountability: Who has authority, how are disagreements resolved, and what happens if someone stops doing their part?

• Exit plans: What if one person needs their money back years before the other?

What is one thing you would always verify or agree to in writing—and what experience taught you to ask?