Converting the partnership into a Tenancy in Common (TIC) could work, but keep in mind this requires dissolving the partnership structure and redistributing ownership, which may have tax implications depending on how it’s handled.

There are many ways to structure these deals, and in most cases, you can secure better terms by including the rehab costs in the loan.

How is this deal structured?

However, my business structure is maybe a little different than yours.

Structured LearningReal estate tends to attract people who have shiny object syndrome.

This means you essentially have to save buyers 3x(5k-10k) = $15k to $30k through negotiating, finding the best deals, adding value with your property management or contractor contacts, etc.Lawyers use flat fee, hourly, and contingency pay structures primarily. 

The ideal property would meet the above criteria, AND would have a large yard, or ideally, a detached garage that was a suitable candidate for an ADU construction project (CO now allows ADU construction on most properties), and/or a primary structure that had lots of value-add potential. 

Understand entity structuring and what is best for you, especially if you are going to do flips.This post does not create a CPA-Client relationship.

Choose the Right Property:When choosing a house to flip, search for properties in desirable neighborhoods that need structural or cosmetic improvements.

But, a mastermind community can have tremendous value when structured well.