Has anyone deployed this method and found success?

I have failed with the google docs method and my last time tracker was too complicated for that I needed.

I wonder if other mixed-use landlords have clauses in leases that address the mixed nature.

What kind of taxes he will incur depends on the nature of your "partnering." 

This method cost you nothing.This is a good starting point to build investment capital while you learn.If you plan to buy and hold or rehab and flip, then you will need either investment partners on conventional funding sources. 

That means you have to have a reasonable method of valuing the real estate holdings at market value as of 12/31 each year so that you take out the required minimum distribution amount.

I'm looking to take action; and value following proven methods.

What methods or factors have you been looking into when choosing properties for your portfolio?

*None of my original posts, forum responses, private messages, or any other dialogue via any other methods of communication should be construed as tax advice.

If you're planning to originate loans with a note rate significantly under market to help with home sales, you're not going to be able to sell them at par anytime soon and I doubt many private investors in your fund will be satisfied with the low yields that would result from the method you described above.