<prompt> Human: I was hoping for some advice with a recent development in my family. My father passed away leaving a his house to my brother and myself. My brother already owns a rental house and was thinking of doing the same to my fathers house.3-4 years ago it was appraised at around 100,000. However, it needs some work considering my father smoked inside the house and some other upgrades. My brother is thinking around 20,000 to get it up to renting standards. Heres where Id like some advice. He wants to buy me out of my half of the house since I live 2 hours alway and hed be the one dealing with the renters. Should I take the buyout or setup some type of agreement? I was thinking any time he spend, he would be paid hourly for his time. Other than that, 5050 split on any cost or revenue made.He believes he can get around 1000 a month for rent and taxes have been around 2000 a year. Im younger 25 and dont really need the money. The house is paid offno mortgage. I do have student loans, but they arent really stressing me financially.Assistant: I would also take the buyout. See if you could negotiate a little more then half the home value since youre selling your share of the rental business, but theres a couple reasons Id say buyout over staying in.- You didnt mention how much money would be reinvested in the house. What do you do if the water heater goes downit needs a new roofthe tenants trash the place and all the carpets need to be replaced.- Going into business with family is hard. At points this could strain or wreck your relationship with your brother.- What do you do if you cant find the renters your brother thinks he could get?Human: If something needed repair or replacment, wed both pay half of the total cost.If we cant find renters, no income for either of us...  <response>: So you have the cash on hand to pay your share of a new roof? 5-15k? 