Don't want to lie to the bank but maybe you guys together can craft something that will work for you and the bank!

After one deal you'll have a better sense of how to structure the operating agreement for any future deals.Recap: 1) Get competent counsel to review;2) Use this for one deal;3) Make adjustments, including (possibly) crafting an entirely different arrangement from what you learn;4) Keep moving forward!

That's when I learned the power of a well crafted lease (more important than a good property manager).  

Explain your goal to a professional and they can help you to craft a plan to transfer the asset with the least tax impact or explain the consequences of transferring it all at once.You will run up against gift tax if you transfer the property outright because the FMV of the property is well above the annual gift exemption.If you sell the property and pay long term capital gains and then gift the proceeds to your daughter you still face gift tax.I hope this helps.Ed

Elizabeth and I used to own this business- we sold it in 2012:  Floor Craft Sanding.

I would recommend you find yourself a fee-based financial planner who could look at your total picture and help you craft a plan to reach your goals.Things I have not heard you describe are insurance, estate planning, and taxes.  

My point to all of this is to say and give examples of how you can make money investing in RE in any market, be it a low CAP or high CAP market if you understand how the various profit centers of REI work and are able to craft and execute a strategy that maximizes profits for those particular market conditions.

To master this craft you need training, mentorship and 10,000 hours.8.

Just a fyi, people do craft their social media to make themselves look better to landlords and employers.

So yes, I am very concerned that is his how he wants all 'future deals, 50/50'So what I am hoping to do now, with the help of you all smart folks, is craft a deal that I can present that will take away this 50/50 mindset so it is not his expectation for this & 'all future' deals.If I ("we BP folks.:) can figure out an alternative deal structure then I'm sure we can close this deal and work on others.If I cannot figure out a creative alternative to his current 50/50 offer then yes I will have to walk.