These are nothing but annuities and you take any slice you like.

Just raise the rent to get your slice of the pie and make sure they have the proper insurance. 

the location is a very nice mellow mid western slice of Americana  :) 

The numbers on this deal look bad every way you slice it, even if it was move-in ready and %100 updated or BRAND NEW!

It is a bit morbid to imagine, but its a great way for you to protect against a loss of life in the other partner so you can maintain control of the LLC instead of their slice of the pie entering probate.

On my JV lending company I am telling all my mid west east coast clients quit letting these wholesalers dictate such large slices out of the deals .. the day of them taking bigger fee than anyone makes has got to be over .. work backwards from rent  figure in the new rates and come up with a new value for rehabber houses and dont over pay..

Better to own a quality slice of something then all of something that is mediocre because you have to stay in a certain price point.1 million range you are looking at dollar stores, subway, title max, pizza hut, etc.If you could throw another 100k in to be at say 1,000,000 and 350k down it opens up a little more quality.Hope it helps.    

And that works on me about as well as I can keep my dog away from a slice of pizza.

Especially if you’re unhappy man, go with your gut.

Here are some guidelines that can help.4 parts of a deal to make a guideline on who gets what: 1) who is bringing the funding 2) who is doing the work 3) who found the deal 4) whose experience/network is being leveragedAlso, you can either each go in via capital contributed and give the founder of the deal a little bit more of a slice of the equity for the finders fee.