I would recommend that you probably split that profit in the rental of the unit about 90/10 or 90/5/5 assuming you take all of the property management as your responsibility whether or not you hire a property manager or a property management company to be involved in the daily operations and you would manage the manager and keep their monthly reporting that you need.I am assuming you will own the property under your name or a company you own. and/or you control what happens to the property which might be owned by a Partnership company. 

I am very far from an expert in that market but I've been watching it daily for a few years now. 

I will definitely make a commitment to add him on as one of my daily trainers.

I’m closing on my 4th property and the seller wants to charge us a daily rate if we don’t close on time.

Sounds like BP needs to be careful... pulling so many daily users away from Facebook, Instagram and Twitter might get the big dogs snarling!

Work your way up in quantity that will ultimately allow other people budgeted and paid for Property Management Company running the daily operations and you are responsible to manage the management company without having to come out of your own pocket.I have heard that it takes about 30 units before you can afford a management company as a regular expense that property will pay for. 

As a new landlord it seems almost daily I come across something that I don’t know the answer to.

Chariss, it would be tough to say exactly what is the best move without understanding exactly how much you have in the bank vs current mortgage (balance & rate) on the SFH, earning potential / daily job etc. 

I don’t want to manage a contracting crew daily or weekly for flips.  

Get a written plan, get a mentor, set a daily schedule of 10 hours +/-, treat it like a job, get your RE Lic, etc.... so much more!!