First person I hired, I also had them write their own job procedures and so on.

Great job! 

Could just be his way of making sure you don't ditch him as soon as he does the job.

He learned a lot about what to do himself, what jobs to hire someone for, and just how long it can take when you are by yourself.

Now if your interpretation is cash flowing enough to quit your job that is another conversation.  20 or 30 properties at 1k a month a door, if managed properly is a great revenue mark in my book. 

If you know of any legal entity in TX that can help in a case where GP is not doing their job (maybe a branch of SEC), please let me know.TIA

I’m thinks just pay him his regular price for the job and throw him 5-10% finders/gc fee instead of making a 70/30 split or something like that.

You don't say what you do but consider finding a career path job that might give you better income if that is an issue. 

Just completed my third self-storage conversion in October with my W2 job at Elm Builders.

I heard when you're young, it's the best time to take risks, at job that might pay less, but offers knowledge, experience, and growth.