Are you wondering more about the financials of it or operations? 

I have a small wholesaling business that operates in King, Pierce, and Thurston counties.

The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.

Opening a new fund or operating company and not reporting on the old fund’s results3.

This is how our bookkeeping Clients operate and it works.I've heard good things about Rentredi and Rentastic for PM.

@Michael Beirne Lower priced markets such as Baltimore are very difficult to operate in utilizing entirely 3rd party support.

For instance, in my private lending, I dont really give a numerical credit score much weight, but I absolutely look at the composition and history of the individual tradelines on a report if the borrower is a smaller outfit, such as a single member LLC or similar solopreneur-type operator.

Does the operational company already exist and have income history?

It has been operating for 2 months now.

The biggest thing is vetting the operator as they ultimately drive the returns.