A and B have decided to form a limited liability company to invest in real estate (TheReal). Here are the facts you, as their potential tax planner, need to deal with: A has a building with a basis of $150,000 and a mortgage of $90,000 with a 9% interest rate. A has almost unlimited passive income. The net rents before interest expense of the building are $9,000 and the depreciation annually is $5000. B has a building with a basis of $175,000 and a mortgage of $160,000 with a 4% interest rate. B net rents before interest expense of the building are $6,500 and the depreciation annually is $7,000. B lives paycheck to paycheck having received no benefit from having her name used in TheReal. A and B believe that each property will be successful over time as the neighborhood in which they are located is growing rapidly. Question: 1. Draft a very preliminary partnership agreement proposal based only on these facts and strictly in bullet point form. 2. Prepare a list of questions that will help you modify your draft partnership agreement as they answer your questions during the meeting.