For a 90-unit project, this could result in a tax credit of $180,000, and for a 112-unit project, the tax credit could total $224,000.

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.

Quote from @Diandre Pierce: I have 7 rentals with a total available equity of roughly 800K.

Quote from @Ryan Brown: Quote from @Mohammed Rahman: Hey, I totally get where you're coming from.

GC in my area cost 10% of the total and I would say that is worth it for what they provide, but if you have the knowledge and willingness to be on the phone with subs (and spend a lot of time on site) you could save that by DIYing it.

I took the next 5 months to tackle everything myself spending approximately 17k in supplies and tools + paying a plumber and roofer 4k total to fix those issues.

You’re totally exposed to being strung along the way you’re doing it. 

Because buying a house in excellent condition and then totally changing the layout can be expensive, especially if it's involving load supporting walls. 

And being totally humble I was a closer and at that point I know the money was in commish.  🤣🤣 I love it, those days feel like another lifetime really.

NO for sure IF you are doing your first deal then 75 25 is totally appropriate in my mind.