The structure I used originally was a simple 50/50 split of the profits, but there are endless variations.  

I smile as you are describing what is popularly known as "joker brokers" - the seemingly endless line of in-betweens who all claiming to have direct access to funds or product ownership.  

As you mentioned the possibilities are endless, however your job as an investor is to determine the best option (something I personally still struggle with so don't take this as a silver bullet answer). 

At BP, the possibilities are endless!   

From networking to other investors to getting the information you need including free online videos and courses, the possibilities are endless!

It really is endless so a focus is important.  

Not saying don't invest there, but if you're ready to drop $400k on a down payment, you would be wise to check out other markets where you can get a (significantly) better return.If you want to stay in Florida, some cities to consider would be Jacksonville, areas around Orlando or Port St Lucie, just to scratch the surface.Outside Florida, the possibilities are endless. $2m goes a LOT farther in Birmingham, Nashville, Indianapolis or Dayton.If you want to stay in South Florida, there are deals out there.

So thank you Josh and everyone else who posts their thoughts as you make it what it is, a priceless and endless library of experience for real estate investors.  

Right, passive income, until I have to step in and put myself in management position because my PM's wife who took over the company has no real RE experience.The due diligence would be endless.

At BP, the possibilities are endless.