If your realtor hasn't worked with investors, you may be their test run.Partnering: Profits are shared in proportion to how you divide it (most often by equity contribution) If you and the partner are 50/50, then yes you'd 'only' get 50% of the total profits, but that's also a deal you'd otherwise not have without a partner.Keep your head up, you'll land something!

I generally use a store credit card for those purchases and then pay the balance off proportionally with the various accounts.

Pine Bluff gets blown out of proportion when mentioned because it's population is lower than it's neighboring counterparts.

You have all paused me to think about a response, so I will try and compact it into 1 post. 

An LLC is a pass through for tax purposes, meaning that whatever net income comes into the LLC becomes taxable income to the LLC members in proportion to their shares of ownership.

If we make cash flow, after vacancy, maintenance, and capex reserves are filled then I take a 10% management rake before we split profits along the equity proportions.

@Aradhana Verma it looks like they do what RI does computing the tax you are subject to is based on the value of your entire estate minus the deduction and then they tax you on the proportion left you own in state. 

All of this compacted into a year....Good call Jeff.

You'd seen others cook and had a general idea of what it means to mix ingredients, measure proportions, put it in the oven, ect.

Another strategy we have been using is looking for houses with unfinished basements (typically Everett seems to have the most of these), but the caveat there is more often than not these houses are quite old (1930-50s) and can still have original knob and tube wiring, cast iron plumbing, asbestos or lead-based paint which can add a significant amount of cost to rehab without necessarily seeing a proportional return.