When I looked at the house they kept it very clean.

You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership? 

Also, the property is currently paying me to own it through cash flow.My main goal in my LTR business is cash flow … I’ll tell you right now that I can, of course, cash flow better in northern Minnesota where the average house costs 100k and I have the power of leveraging cash out refinances which is my biggest issue in CR… my money is stuck in the property.  

For a good tenant that has paid on time and was keeping the place in good clean condition I probably would have just eaten the charge.

Simple and powerful. 

Hey Steven - An LLC is a solid choice for structuring your partnership since it offers liability protection and keeps things clean when splitting ownership and profits.

The land is being sold as the investment is costly with all the illegal dumping and clean-up cost.

As Plano is a pretty nice clean cut buttoned up type of community they don't seem to have a lot of tolerance even for just a few bad apples.Dallas is considering a ban. 

His God complex and giant ego won't allow him to reflect on the damage he's done  keep in mind if the SEC detects a serious issue and one that could harm investors right now they have the power to take emergency action and shut them down.

Someone called me today (probably his wife) and said Preston has been trying so hard to clean up his image and was upset by this post.