A 3-unit in Wicker Park - when rehabbed nicely - can be worth a LOT of money.

I suggest running an analysis and just sharing it here on BP.I am also happy to hop on a call and point you in the right direction based on some of my experiences- no matter what, keep at it...this stuff takes time.If you get a deal here in Chicago and need to partner up, I am your guy!

If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.

It doesn't matter how nice they are. 

It all depends on what is going to give you guys a greater return in the long run and be better in time allocation.

Ka-pow, nice n easy 1-2-3'esie. 

-- If there's no accountability, sales guys will say anything to get you business!

With you guys having a strong financial base you have plenty of options, you guys just need to pick ONE then go for it. 

Hi @Byoung,Nice to meet you!

I joined up with a guy running a wholesaling gig.