Good ones will work to save you money all the way around, be transparent, and easy to communicate with.The best ones I've found are more interested in your success than their own payday.

You can get some sweat equity in it and sell it every 2-3 years to get a nice payday. :) (I do suggest having at least two bathrooms though ;-)If you're willing to do live-in flips, then staying there is also costing you time/money on your next house that you'd force equity into. :) 

He also told me that he did a deal recently that landed him a $70k payday that he split with a builder/buyer (I could have miss understood that one). 

In my experience, if the insurance limits are significant, an applicant attorney is happy to take the quick and easy payday.

He said it took 2 years for him to get an appointment with one of his prospects but it turned into a million dollar payday for him.

I did have 1 tenant I was going to select say they were good on deposit but once I gave them the good news they were going to need a couple weeks until payday. 

Using my numbers for your situation, you'd get a chunk up front, cash flow during the ownership period, and a big payday when you sell (or a paid off property spinning off lots of cashflow).

It’s kind of like payday for a W-2 or the first of the month as an active investor when your tenants pay their rent, but it’s even better: YOU DON’T HAVE TO DO ANY WORK TO GET THESE DISTRIBUTIONS other than the due diligence on the front end before your initial investment.

If things grow to where I'm aiming I hope to get him some solid paydays in the future on both ends

Talk to your lawyer if you have not yet.We have a similar situation right now with a troll trying to extort a payday.