I know this company has a bad rep with some people but here is a reason they are one of the biggest wholesalers in the nation and they have always treated us fairly and been very straightforward with us.

I wanted to start to treat this more like the business it actually is.  

Would a commission split be treated differently in this type of situation?

REIAs are typically in the evening so treat this as a business meeting that you cannot miss. 

Finally, we need a CPA, open to referral.Hi Jess, this may require more information to properly assess but it is possible to treat the transfer of the property and the refinancing cash out amount as a investment (capital contribution) into the business.

Your BP profile mentions a lot from wholesaling, flipping, and buy and hold.They are all treated differently for tax purposes.Make sure to work with someone who understannds how each of them are taxed.Best of luck!

Hence it seems rather quiet in this thread.As an ON investor for over a decade I can tell you that tenant nightmares could be real, and yet a lot depends on how you screen and treat those tenants.

I would treat it how I would like to be treated.I have refunded in situations like these.

Yes they are tenants as well, but we always want to treat the people we live around as neighbors, whether or not they are also helping us achieve our RE goals.

You can convert that to an LLC down the road but remember FHA was made for primary residency so those products even though have up to a 4 unit allowability, aren't treated as investments/can't be put in an LLC right out of the gate.