@Chris Johansen I believe the part you're missing is you are not "simply loaning him money" under the new iteration of your partnership arrangement.

If there is no agreement signed and this person is just someone listed from the broker's database, I do not believe it is acceptable for the broker to collect a split in addition to the house split.If you are to consider negotiating this additional split, there is a lot to take into account here... what is the % of business that you generate on your own vs. how much your broker contributes?

I ultimately believe he comes from a scarcity mindset and does not want other investors in this market competing against him. 

@Matthew Hell Thanks for the post, I cannot believe I didn't see all the posts from previous threads exposing his scam! 

I believe that doing cabins now I can basically do the same thing that took me 15 years to do in houses in terms of growing a portfolio worth 10 to 12 million to where I'll owe 7 to 8 million (3 to 4 million in equity/net worth) that will net about 150k to 200k a year.   

After viewing the property today, I believe I’m going to pass on this deal. 

I believe in learning and growing together as fellow entrepreneurs, so I'm glad to be on here helping others while I scale out my PML operation.

@Matthew BrownYou can find real estate agents and cash buyers on Propstream and I believe you can pul 10,000 contacts per month.

I don't want to be the bearer of bad news but I truly believe starting with a single as a rental is a major mistake.

They could positive cashflow and i believe there should be good rental demand from student population but i am not sure about the scope of appreciation in the area.