Seller doesn't care how we split the real estate vs. the franchise, but I don't think I could get $250,000 for the real estate.

That pace feels pretty good to me...I can get past the "rookie mistake" phase of my career before there is investor money on the line, and I can "fail small" because SFRs and small multifamily doesn't hurt as much as larger properties when things go wrong.Timing had a role, too.

Thanks for more context, but it doesn't really answer what your goals are.

Inconsistent Cash FlowUnlike traditional jobs, real estate doesn’t provide steady paychecks.

I just purchased my first duplex (only SFHs in my portfolio so far) and it doesn't have the gas/water split.

Just transferring your property to your LLC doesn't really provide much shielding. 

The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.

Again, in my opinion this model doesn’t scale, beyond a point that is reached sooner rather than later.  

I've become interested in finding an individual who can serve as a business partner (doesn't have to be 50/50, in fact wouldn’t want that), but a business relationships that would span across the entire business and someone who would share some of the workload, guarantor requirement and capital contribution and capital raising responsibilities, all of which currently falls on me.

Occupied or vacant, it doesn't matter.