Are there any standard practices for acknowledging their contribution in the transaction, or any recommended ways to structure this working relationship to ensure it's beneficial and compliant for all parties involved?

It seems like you're on an interesting trip, and participating in groups like this may really help you learn and develop.Please feel free to contribute to conversations, pose inquiries, and share your personal experiences.

@Kelly O'Keefe For more context, we have a business checking account which we have made capital contributions into, and we have put the business expenses on the business credit card and have paid that card off from the business checking account. 

Calculating potential rental cash flow involves considering factors such as property taxes, maintenance costs, and potential rental income.Consultation with a local real estate expert can provide insights into market trends and help you navigate the specifics of converting your home to a rental property.Additionally, understanding the current market value of your property will contribute to a more accurate assessment of potential equity gains in the future.Hope this helps!

@Charlsi Kelley I get your desire to help people in a charitable fashion.

I now believe I have enough knowledge to contribute to the community constructively.

Promised returns, although ambitious, could contribute significantly to investment success.

Could he enter into partnership with us forming a whole new company where he contributes the property as equity and then we refinance the property at the price we agree on and we use that money to pay him as a silent partner.

As a bonus, some accounts may offer tax-deductible contributions, potentially lowering your tax liability.2.

this is my first time on Bigger Pockets, I'm looking to connect with other like minded individuals, and contribute to the community.