You split the monthly proceeds assuming there are monthly proceeds, and upon exit in 3 years, you split the profit from the deal, again assuming there is any and everyone is evened up at that time.If you were pitching me on this, I would say no because you assume no risk. 

Who is going to pay the lot rent for 3 or 4 or 6 months??

The key difference, though, was he spent months carefully getting to know the local architecs, reputable builders, and even a couple of niche design firms that specialize in modern builds for mid- to high-end buyers.

During the months of searching for the perfect property, his has decided to move out of state, closer to family.

I was going over his financial information and saw that the guy was making over $50,000 a month and asked him what he did.

Non-renew tenants,, give it early even if its 8 months out.. you could also do mutual lease termination if they aren't month to month.Basically you want them gone, so only and best way is this.

15% on top of the normal month charge is a rip off.

Are there a decent amount coming on the market, or is there like 1 a month? 

Overall, you're spending $25k in extra costs and a monthly pmt that's $500 higher to keep $50k in your bank account. 

We have 720 phone calls and six months of vacancy trying to find one tenant that would submit, bank statement, car insurance card and paystub that is not fake.None of the above has worked for us except to try to forget the judgement.