After closing they split profits 50/50 with you.

We had lunch a while back, where he told me he drops 10,000 direct mail pieces each and every month. 

Purchase price: $499,990 5 bed 3 bath split level house in Hyattsville, 1875 sq ft

@Dominic Gilbert - I faced the same problem and went with a mini split. 

There are no free lunches man.I'm not an attorney so everyone should confirm with one. 

If you are ever in the Memphis area, reach out and we can get some lunch. 

If the partner was only a capital partner and had no involvement with the build would a 50:50 split be worthwhile for the capital partner? 

Quote from @Collin Hays: I got a chance to read this over lunch today, and it really hit home some excellent points about investing in real estate. 

In the end, the net profit to myself would be higher using a loan versus giving up an equity split, and less complicated.

. // More Development Options · SB-9 allows lot subdivision, creating up to 4 independent units (2 per lot) or a duplex (if no lot split), plus ADUs/JADUs. · Ideal for homeowners looking to maximize property value through direct sales. // Key Requirements · Each new parcel must be at least 1,200 square feet and no smaller than 40% of the original lot. · Homeowners must live on-site for at least 3 years after the lot split. · Must follow local zoning rules, including 4-foot minimum setbacks. · Tenant protections apply.