He is doing it more out of goodwill to help me get launched as a house flipper than making max profits.He asks that I be the driver of whatever arrangement we make, and I need to get an operational agreement together before big decisions are made.Objective:Looking for a good template of an operational agreement for a Partnership LLC where one is the investor, and the other is the manager/renovator.

I've read some articles saying the argument is that I don't collect sales tax at the time of sale, however nothing in that document says that a stipulation of being tax exempt is that the good will be taxable at the time of sale. 

It would stand to reason that they might want to generate some good will by giving you a bit of extra help...after all if you succeed, they might just have a new customer for their management software.

Offer to buy as is and you will haul stuff to the dump or take clothes to good will.  

Something like Goodwill or Columbia Industries?

Or if they lived in the neighborhood or had kids nearby or were a company wanting to "sponsor" a local park as a goodwill gesture.They probably got a good deal on the land and are waiting for the land value to increase enough to sell.

Hopefully, the water company will give a goodwill waiver. 

I usually will offer it up front if the house is ready just to get the bills in their name and show a sign of good will. 

There is a class feature in QuickBooks that will keep track of everything for you and give you your bottom line per property and per LLC.Click on Class (Make sure you turn on the Class Feature in QuickBooks Preference Section Accounting Section) and...type in your Name as a header.Example :     David Miracle  (Header)                               1234 Angel Drive (listed  as a sub-class of David Miracle)                               5678 Goodwill Circle  (Listed as a sub-class of David Miracle)  You would do the same thing with all the LLC's.                         

Dawn:Will You Send Me The Numbers For This Property. if The Numbers Look Good Will Get Back To You.