All of it is too good to be true unless it's your relative with a kind heart that is leanding you the money. 

I was thinking expense when I initially installed it.3)For those of you that have your relator

Brandon Currey have your relatives get an attorney to look at it.

What all lenders care about is getting repaid and this comes from a great property, your related experience, and your integrity.

those of you that have your REL out there how have we used it to profit to your advantage? 

Your relative is crazy for trying to "help you" with your wholesaling if this is the case, let alone screwing his client/owner. 

Can cash out of the SFRs relatively easily in X years whenever the cycle makes sense, and trade up.For your relative's specific situation - does a single-family conversion look possible?

However as  Account Closed  says you have to be in control now, set expectations, he is not your friend, your relative or a co-owner, he is a tenant. 

My BIG point is Get off your A$$Pretend if you do not get a deal in 30 days you will dieor your relative will dieor you will lose the use or your legs or armsFear of loss is the greatest motivatorSound like you are in a shittty little town (sorry) I almost went to Ithaca in 1978 to play lacrosse, I chose Ohio Wesleyan (Delaware OH), then St Michaels College (Burl Vt)Be like an immigant of of Ellis Island.Go to the REIA in IthacaTell the President you will do ANYTHING, his-her slave, you just need to make income.Website URL: www.reicny.orgContact Person: Jack ZimmermanEmail Address: [email protected] Number: (315) 475-0701Fax Number: Postal Address: 1000 LeMoyne AveCity, State & Zip: Syracuse, New York, 13208Membership Cost: $75/yearMeeting Time: 6 pm Dinner, 7 pm mtg, Second Wednesday of each month.Meeting Location: Bella Domani Catering, 5899 E Taft Rd.

I'm not sure how anyone else could tell you the best way to divide the work given that nobody here knows:- What your individual skills are- What your individual interests are- How much time either of you have- What your relative locations are- How the equity is being splitShow me 10 different people and 10 different properties I might consider partnering on, and I'll show you 10 different divisions of responsibility that make sense.Nobody else can give you this information...