I'm in the Tampa Florida area and we charged 20% of gross profits.  

Could someone break it down step by step for me and explain why yes or why no and if yes how would someone like me with little money get it done and profit from it.10 unit multifamily investmentI look forward to learning from someone that has done it.

Mixed-use with some residential could also add diversification while keeping it simple.This current property is actually the storefront of a mix-use residential above, but no actual residential property for purchase.What’s the tenant mix like,Theee major ones: One restaurant, one non-profit gallery, one home goods,and how are you structuring financing?

Am I able to just send a 1099-MISC to the owner with their net profit only…ie the amount that was transferred to them minus all operating expenses.

During the last two years we have probably not “Gained” $2mm in profit or equity because we took a defensive approach.  

With this structure, lenders can offer more favorable terms, including lower interest rates, making your investments more profitable in the long run.

Caveat is that you should be reinvesting those profits back into other smart investments so that you aren't missing out on compounding gains. 

All of your profit stayed inside the SDIRA and remained tax deferred there. 

The gamble is that the outcome hinges upon the courts discretion and it’s rare to see specific performance unless buyer can demonstrate that monetary damages aren’t enough to make them whole.

The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...