Do we each also split 50% of an "owner draw" on rent profits? 

But is there a scenario where you strictly entitle lots or maybe take reasonable size parcels that you split and turn into 8 to 10 lot subdivisions to where the profit makes sense? 

I purchased the unit for 250K and I put about 25K into the place.The rents in the area for these type of units go for around 3K, maybe a bit more, leaving me about $400+ a month in profit after the mortgage and HOA.

BP, I’m looking at an 8-unit deal in the Northeast that was historically a non-profit co-op with tenants already in place at substantially below market rents.

I take all this information and add it to the list of things I have to do in order to feel more organized with my planning.

Beware of trusting people with a profit motive.

Nice profit.

You gotta be ready to accept that, and building a system, and organization like James has to navigate crazy. 

Sell home on MLSMy logic is that that price at which I will construct the home will be considerably less than the price at which I will sell, thereby giving me nice profit margin .

We thought it is ok if it is true and we need to put their name on the agreement, until tenants said they are also running a non-profit organization.