Draw up a new lease with all three on it each equally responsible for the entire rent, Screen as usual and increase the rent by 50%.

You can't tell them not to smoke, but you can tell them not to smoke in or on YOUR property--apply that equally across all tenants and you will be fine.

In other words, can I divide up the parcel into 20 equal portions and sign a land lease for each portion individually?

@Aaron GomezRegarding taking a 401k loan here are some considerations: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).

It definitely not equal vac rental income, but it was rented biweekly.

I believe that all partners should have equal skin in the game.

I havent asked an exact % but for sake of discussion, lets say he comes in and says 8% or so because thats what he feels he makes annual in the market accounts he has.I want to do the first deal 50/50 with both equal cash in the investment just to make him more comfortable, so i would like some examples of how to structure that, i will find it, fill it and manage the property myself.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

Successful investors treat everyone with equal respect, from the contractor to the attorney, the assistant to the CEO.5.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.