How I have structured these in the past is if he is coming with all of the capital and you are handling everything else than a 50/50 split is fair.

If you’re comfortable handling the paperwork yourself, you can continue to do so.

@Jon Kim No matter what entity you decide to invest with please be sure to have 1-3 exit strategies outlined in your partnership/LLC agreement to make sure you know how you’re going to handle a situation when 1 or more of you wants out.

It's too small to have employees and efficiencies but more work than I'd want to handle myself relative to other interests.

This is a pretty in-depth calculation that should be handled but a tax professional.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Ask em if it would be of value having a professional handle all the everything?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

This will allow you to make decisions about the property without emotion and the PM can handle the tough conversations.