If the deal finder were to receive equity in the deal, it would be a maximum of 20% (15% is more likely).That said, if you are interning for this experience investor, a salary is also another option.The increase in your compensation will be in the experienced investors' control.

My initial thoughts are to convert it into student housing where I've heard some people will rent rooms out to international and domestic students and collect a good sum. 

Also you have to be stealing power and a criminal if you grow pot, right?

We were able to vet everyone ourselves with clear criminal/eviction/income checks and it cash flows better than we planned.  

That did not happen....2nd mistake- we did not do our own internal due diligence and perform a background check.3rd- one of my other partners was informed in June that the current tenants were subletting(I found out 10/23/18, yes 3 days ago) and did not tell me.

In MD they are freely assignable and we often move them from company to company for internal reasons.

Personally, I would put more weight on his criminal background check and past landlord references than employment history and credit reports.

@Lexi Teifke - As always, the theory like the theory, but in practice is what counts.The internal rate of return hurts my brain just to read the definition, never mind calculating it: internal rate of return on an investment or project is the "annualized effective compounded return rate" or rate of return that sets the net present value of all cash flows (both positive and negative) from the investment equal to zero.

I was using smart move online form which gets the background on criminal, credit and income information from the tenant.

@Theodore Arzt Did you complete a full credit, criminal, eviction check on the applicant?