If the partners agree to specially allocate one item (for example, capital gains) 80/20 for economic purposes per SEE safe harbor, the corresponding tax amounts must also be allocated 80/20.However, IRS has a framework that can reallocate the partnership items based on the “ partner's interest in the partnership” if IRS determines the method of sharing the partnership items lacks the “Substantial Economic effect” (SEE) To meet the SEE, there are strict rules to maintain meaningful capital accounts including Deficit Makeup Requirement for those accounts.With the requirement, the partner must at some point contribute sufficient capital to eliminate the deficit, and the partner has the burden of the loss that partnership has and the allocation of the partnership will be respected by the IRS.This is a very high-level summary of the rules and is not comprehensive. there are many exceptions as well.Since the substantial economic effect, safe harbor allocation rules are complex and requires considerable additional recordkeeping, it's easier to follow PIP standard. 

I'll reach out with a pm introduction to some folks who know much more than I.

Best of luck to you in your investing :)https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing

@Michael Frankel two great and comprehensive resources I use are learnairbnb.com and getpaidforyourpad.com.

I think that rep probably is because many people try to get their start in RE by wholesaling and don't have a comprehensive understanding of how a rehab works or how much it costs.

Right now, I'm doing some in-depth research on each city - looking at their Comprehensive Annual Financial Report, checking out the population, job market, who's landlord-friendly, etc. 

One must develop a comprehensive discipline for analysis and negotiations to help ensure their success in this niche. 

I'm Mark Baldwin, and have actually been a long time user of the Bigger Pockets message boards, but have never actually made an introduction or post myself. 

But w/ my fairly comprehensive spreadsheet, I'm making around 12-13% ROI.

Again I know nothing about this program and person but typically these programs charge a reasonable fee to attend the introduction course where they upsale you to a more complete and more expensive course.