Landlord representation is all my law firm handles.

It's a 2-unit house, if that matters at all. 

All of our PM staff gets a small bonus for every lease that is fully renewed 30 days prior to the deadline.

However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

google "all inclusive Deed of Trust" fantastic CA document we used all the way back in the early 80s If I'm not mistaken though a wrap would require the 2nd buyer to also agree to financing terms; which would be the same as me (the 1st buyer). 

Quote from @Josh Deschene: Hello All,This is my first post and I will try to summarize as clearly as possible.

Half of all marraiges end in divorce and no one goes into a marraige thinging that they will get divorced from the love of their life...the same is true for business partnerships.

I’m on my town planning board and we get all sorts of conceptual projects that never come to pass.

But also, even as Joe points out in his book, the true value of a syndicator is pulling together all the pieces.  

I have one long term partnership that we share capital but I still do all the work ( rain maker) he is a cpa so he does do the books and tax return though :)  WE built one subdivision together were he put in 500k and I made him 1.2 mil in 18 months net profit so that was not bad.