Then the numbers become irrelevant except when you are sipping ice tea in Scottsdale at a world famous resort pool during the winter months and you are comparing the two income streams.

My name is Brandon (not the famous one) Craig. 

Either you misquoted or misunderstood.

After that, check on Dataroma.com and see if any famous, successful investors like Buffett own any REITs, and pull up the investor presentations and annual reports and see if you like what they see in it.  

There is also the famous Dave Ramsey line of books that have helped millions. 

If economic parity between you two is not a problem (file it under "famous last words") - then yes, each can report his/her respective contributions on taxes.

Maybe I misunderstood you... is that not what you are referring to, i.e., wholesaling/assigning contracts? 

I misunderstood or they maybe didn't word it correctly but they had some one when he buy it "try" and inspect it but it was too murky/dirty to give a full report.

I received a phone call at approximately 11:00AM Saturday from a representative of your property management company letting me that there was a “misunderstanding” – I can only assume that I misunderstood that immediately meant whenever they felt like taking care of it. - After all I was told that it was “inconvenient” for them to have had to come back out here and move it.

I received a phone call at approximately 11:00AM Saturday from a representative of your property management company letting me that there was a “misunderstanding” – I can only assume that I misunderstood that immediately meant whenever they felt like taking care of it. - After all I was told that it was “inconvenient” for them to have had to come back out here and move it.