How to get my s/o involved in my real estate projects

[Steve A.]

Hi!

I own a lucrative business in a non real estate industry. I was able to start it because my original business was/is buy and hold rentals, which freed me from a job. Now that I have cash to invest, I am looking to really expand my real estate operation, as my other business has basically hit maximum scale.

The buy and hold rental business comes very easily to me and will be a component, but now life is a bit different as I have a committed girlfriend. She is free to do whatever she wishes as far as a career (we are somewhat young, im 31 and she is 22) but she seems to have a strong interest in my businesses and real estate in particular. We travel often and my lifestyle is completely location independent, so we are strategizing a way for her to make some money while not needing to be physically present at all times. I could see, if she became for example a realtor, being unable to visit family or travel due to an upcoming closing. On the contrary, with something like a flip, we could shelve our projects for a week (no carrying costs, not using loans) and pick up where we left off when we feel like it.

I am essentially looking for a way she can provide me with a good ROI from her efforts while she takes a significant cut of the profits. I really have nothing I can pay her for on an hourly basis as my businesses are nearly passive / automated. And paying her an hourly wage would probably bore her (she is very driven and likes commission jobs) and wouldn't allow her to accumulate $$$ of her own quickly enough. My goal is to get her to a point where she can invest in her own buy and holds and achieve her own financial independence. I have enough that I could support us for the rest of our lives, but she is 22 and hungry for her own success and I like that.

The first thing that comes to mind is having her do flips. I could buy a distressed property in cash and set her to work on it, with an agreement to split the profit 50/50 or whatever. I have my own projects I'd like to do, and if she is generating cash for me on these properties without me having to spend much time on them myself, I think it's a fair deal. She is currently between jobs so I figured this is the ideal time to figure something out, because if she went and "worked for the man" it would really restrict our lifestyle.

It really blew her mind when I told her one flip could make her as much as she made in a year of working at her previous job.

Then there's becoming an agent, but I worry this may end up being too restrictive and job-like, becoming a wholesaler (really no idea what is involved here), or appraising/loans etc but those are jobs. Have also thought about giving her a small finder's fee for combing the listings to find properties that meet my exact specifications for my buy and holds.

Does anyone have any other ideas as far as real estate related opportunities for her or has anyone been in a similar situation?

Also we live near Clearwater, FL. Not sure if that region is currently ripe for flipping or not.  My buy and holds are in Indianapolis.