Quote from @Yamil Naf: Quote from @Andrew Steffens: Echoing @Jonathan Greene above but if I was interested in doing this project why would I not just do it myself and keep all of the equity and cashflow?

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

They have a team of designers who do it online.

It's up to their tax professional on how to present that info on their tax returns.

If it's a QM you won't be able to close in a business entity like a LLC, although in some cases you can transfer into an LLC after closing.

In a fund you typically are backed by all the assets, when doing it yourself its one.

We just keep stacking wins! 

If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan. 

If it is, why can't you buy similar properties that you are renting with the money you make.If you get $200,000 annually(split proceeds with the other owner), you should be able to buy almost any type of property.

I just got my first flip in the middle of January and am still rehabbing Do I need to file a quarterly tax if I haven't sold yet?