Forbid them to perform overtime work, unless its life or unit threatening.Chances are slim you will get detailed receipts from them. 

I know it’s a slim chance but any chance not taken will never be realized.

Each cashflow pretty well but the opportunity for appreciation is slim. 

Unless your agent is affiliated with a small Firm or works in the same local office as the listing agent, the odds of them knowing each other and having already shared info about either party with each other are pretty slim.

Hey @Austin Wolff - You bring up some good points about knowing the house better than anyone when you build new if you are actively involved and onsite regularly, but I'd get behind @Jay Hinrichs, in the sense that the numbers don't always allow you to build new.Here in Chicago, new developments are super pricey, and even the BEST DEVELOPERS HAVE SLIM MARGINS. 

Not impossible but chances are slim. 

As much as equity sharing is profitable for you, it is also a way to show your clients “Hey I am here for your success as much as you are, and I have a personal investment in you” which is an incredibly inspiring model.I would however say maybe scale your equity based on the current state profit margin of your client, or even work in a sliding scale so it doesn’t turn off potential clients who may be at a slim profit margin as is and are concerned about it getting any slimmer.

Yes, this is as niche as it gets, so odds are slim, but I'm curious to hear if anyone else lives on some acreage while boarding other horses on your property?

@Jack Mi: my first impression is anyone that is buying a deal at a 4.5% going-in cap rate with 7% interest rate is anything by conservative.Now, there are so many details missing that it is impossible to give any true thoughts.The things I like:No up front fees, so less motivation to simply transact10% Co-invest is pretty good80/20 (assuming there is no second hurdle) is fairly good.Things that give me pause, based on what is actually presented:Going-in cap rate is very slim.  

Since I am only qualified for 190k the availability for single family homes in that price range is slim.