Typically the Key Principal/Key Partner will get a slice of the General Partnership OR a payment in exchange for taking on this risk to get the deal done.Here's a quick resource:  https://www.youtube.com/watch?

As of today we are at 578 closings for the year and I think we will have 4 more tomorrow, so that is a pretty good slice of what is going on.

So, it makes sense to list those houses myself and take those bigger checks instead of slicing off a tiny piece and passing them along.

Then if you show big initiative and want to learn maybe the owner of the company might co-invest as an example with you or allow you to invest money or give you a small slice of equity on a deal for your time and labor.You have to crawl before you walk, walk before you run,etc.Good Luck     

The comparison to NYC is not perfect, but a 15% downward shift in the NYC market is a whole lot of money, no matter how you slice it.

Uncle Sam always wants his slice haha

Yes, one additional way to “slice and dice” your liability to continue the segragation is to have one mgt LLC and any number of property LLC.

My advice is to look at secondary markets and find a unique property that can become the destination rather than buying in a hot destination and hoping to get a slice of the pie that everyone else is competing for with higher budgets.

So if your "slice" of the PITI and maintenance after collecting all the rent is $1000, but you would otherwise be paying $1700 in rent, then you're coming out $700 ahead relative to renting. 

I have had three or four of these pop up over time and all have been tiny slices for sidewalks, etc. and in the end it does not effect the overall lien on the rest of the property.