How I have structured these in the past is if he is coming with all of the capital and you are handling everything else than a 50/50 split is fair.

For example, 75% would be depreciable value attributable to the structure and 25% would be non-depreciable attributable to the land. 

A family attorney could help structure the sale to minimize legal and closing fees.

One of the first steps to this whole process was getting an entity and a holding LLC set up for this business structure which is why I have that LLC.

The flood insurance will cover limited, structure may or may not the contents.

Have you explored creative ways to structure these partnerships to maximize returns on your deals?

Ultimately, structuring future purchases under the LLC can streamline tax reporting and potentially allow for more deductions and tax benefits if the LLC grows and qualifies as a separate business entity.The lender will not directly finance property in the LLC most of the time.

Your broker can’t have both in one sentence.

Have you found that private money lending allows you to structure deals in ways traditional lenders won’t?

You say  a”Wholesale brokerage”, I can’t imagine how deals would be structured in CA to be legal as “Wholesale deals”