It’s your first deal so maybe you won’t be motivated to do this but having the seller bring equity in form of the land, a developer/investor interested in the area and carries the construction financing, you really only bring them together (whatever that is worth to an investor) or some sort of partnership with the seller that outlines duties and recompense.

Doesn't he have a fiduciary duty to present my written offer when I submit it? 

Good day ALLI am an active duty service member in Hamptons road VA area I currently have a house under a VA loan that i brought 2 years ago and still reside in this home.

Good day ALL I am an active duty service member in Hamptons road VA area I currently have a house under a VA loan that i brought 2 years ago and still reside in this home.

Good day All, I am an active duty service member in Hamptons road VA area I currently have a house under a VA loan that i brought 2 years ago and still reside in this home.

I'm willing to work for someone (manage rehabs, assist in property management duties, etc).

But how realistic splitting managment duties 3 ways? 

If a big expense comes into play, I have two credit cards that are $30k limit each with only 4% Annual interest rate (active duty military).

I'm guessing as the owner he used to mow the grass and take the tenants trash to the curb and now that you're the owner he thinks it's your duty.

It is also much easier to qualify as an RE professional if the person striving to be an RE professional does does not have other full time employment. https://www.biggerpockets.com/renewsblog/2010/08/04/basics-of-real-estate-professional-status-tax-irs/If we do two units of rehab in a year (each rehab likely takes a few hundred hours as the hours add up fast), then the wife qualifies fairly easy as an RE professional when combined with her usual RE duties.