I've been working on him to get his mortgage license as a I plan on adding IL very soon.

People invest in people/brand more than the product - remember that

However, I am more inclined to believe someone in here as opposed to other sources. which obviously needed to be fact checked.  

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

Here are a few avenues folks often explore in times like this:You are already on this path - Owner Financing: It's great that the seller is willing to finance a portion of the deal.

I'm curious, at what point does this reflect poorly on PM and suggest I should get antoher PM?

That means on a $500K single-family flip with a $200K rehab budget, you're paying $40K-$50K in carrying costs alone.

Selling and move on.  

In my opinion it would be cleaner to split partnership based on monetary contribution and then remunerate each active party for their work if the active work is more on one partner than the other.

I look forward to reading more of your experiences.