Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

Then the remaining profits get distributed at whatever split you both agree to...I often see it start at 25/75 (75 to the person in your position) and then maybe increase it to 40/60 or 50/50.It would really help if you could provide some numbers on your deal. 

The reason being if you show them those reserves and the deal goes bad, they are gonna come after you for that $ and that will put you in a really bad position.

@Robert MedinaI agree with @JD Martin that you’re in a strong position with $600/month cash flow and a solid equity base.

You’re surrounded by a support group I never had, and that’s a positive.

I’d also love to hear your predictions for how the real estate financing landscape might shift this year and how you plan to position yourself for success.

Back then we were getting 1% positive carry e.g.

I admire your steadfastness and perseverance during those volatile, uncertain times and continuing to have a great, positive attitude.In regard to REI investing currently - There are great real estate investment opportunities across different markets, especially in the Midwest and Southeast.

Hopefully someone else will actually have something positive to contribute, instead of a rude response that adds no value, and just adds to post count. 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).