For Real Estate Professional status for each of your 10 real estate activities, you must be able to prove that at least 750 hours per year were devoted to that real estate activity and that you materially participated.

If this were structured fairly, Jim would get 80% of the return and you would get 20%.Jim is either very generous, very bad at math, or running a scam.

I want to devote my time to researching the deals and not to the day to day management.

This way I can devote a ton of time to each client and each sale is well worth it financially.

You can always put "owner occupied" in the MLS to avoid scams.

We dealt with multiple con artists trying to scam us (AirBNB is full of transient people using the service to try to con hosts).

With some of these videos produced to get your attention, I honestly thought it was a scam.

In case you're interested I detailed my experience on a different thread entitled "Suprising how little discussion of RE scams here".  

Your aunt Millie, may think you offering her 8% is a scam.

Unfortunately, the one thing that wasn't fabricated was our address.Clearly these villains are attempting to use our hard work and diligence to scam potential renters into divulging all their personal info so they can engage in identity theft.