However, there is not much you can do, for instance, recently, when a teenage son of one of your long-term tenants decides to punch holes in walls and kick in the front door. 

For instance, if you build an ADU for $150,000, I haven't seen the value go up much higher than $150,000 for the property. 

For instance how you collect rent.

@jered sturm, very interesting prospective, and i certainly see and feel what you are  saying, and makes me wonder how folks will respond, for instance, any trade that can be reduced in new construction, like using sips wall systems instead of custom framing, or a trend toward modular, etc.

I'm just thinking that a well written lease could avoid some instances of issues ever going to court.

If you end up with a taxable rental you don't want to get into a position where you are being allocated income, paying the income to your partner, and not having any cash to pay your tax.Many things to consider.In any instance once you come to terms you should invest in a solid operating agreement. 

For instance, 5200 is technically Merrillville, but closer to 8100 is near mall stores, etc.

Both are inevitable, but because I know this, helps me to constantly research and be proactive in trying to see what I may have to do before it's too late.I'm not too knowledgeable about the DFW area, but I would also keep an eye out for it's future industries.For instance, if Oil is one of those industries in the Energy Sector, then knowing how oil is being affected by thinks like Peak Oil and competition with renewable energy that is not already located in your area which keeps the economy going, I would certainly stay on top of that.

My sheet also states the application fee is non-refundable and they must sign it.In your instance, I would send them an email asking more specific questions and provide more docs.

We also dont expect to charge the full amount in all instances.