I haven't had this exact same setup, but with my deals we usually allocate the equity splits based on roles, responsibilities and what you are bringing to the table. ex.

There are a lot of factors like personal choices and goals that would play a role in which entity you might want to go with.

For me being around like minded people is what made all the difference Bigger pockets plays a huge role along with a monthly meet up I co-host. 

The closing agent is not this attorney, but he does work in the title company and oversees the closings and weighs in on them.Reason is I’ve got a transaction that’s gone bad after closing, and in seeking remedies, unbeknownst to me when I started talking to the title company attorney as a “neutral party”, I shared some things I normally wouldn’t have.I found out through the grapevine about his dual role AFTER I had the conversation with him.Shouldn’t this attorney disclose that he is also the managing broker for the seller before talking to me?

Let the results, good or bad, speak for themselves and teach.Don't Have a Scarcity MindsetKnow that when you invest your money, you are not limiting your income by exercising your savings.

Right now the house would not pass code in many respects, so it's nearly certain that some repairs would be deemed reasonable and reimbursable if the previous owner exercised his right of redemption.With that said, BRRRR is still on the table!

What Is Their Role❓💥What is Real Estate Syndication?

By doing the exercise in 1 above, these types of issues will pop out, so you can see them coming at you.7.  

The tenants can stay in the unit for as long as they would like subject to an annual rent increase of 1.5% provided the owner exercises that right.

But recognize that if your agent is educating you along the way, and helping you to understand the market, even if you find one off market, they brought you value too and played a role in your success.