@Nate McCarthyProfit Splits and Contributions:Dividing profits proportionally to investment (2:1:1) is common, but you could also account for sweat equity if one party is doing more work.

Take into account your mortgage, a property management company and other expenses and you are lucky if you net $300. 

You are neglecting to account for gentrification, which is the biggest REI gain or all.

We take accountability for our own actions however, in this instance we will not.

I recommend finding an accountant who specializes in planning.

It reminds me of the Charles Schwab study - their best performing retail investment accounts were from dead people that never closed out the account.

It is our goal to deliver all of this in the RTR Academy along with a plethora of benefits to students to include:-VIP access to RTR inventory before the general public-ability to earn back course fees through investing & our attractive referral program-tax, legal & investing advice from our team of attorney, CPAs & investment advisors-no cost SDIRA or solo 401(k) account to invest through retirement vehicles -lifetime membership with no ongoing or additional fees, etc.!

I would either just put the return in a brokerage account, or buy a rental property near where I now live (on the east coast), where you can buy a lot more for the money.

It may seem easy to jack up rent but there is something to be said about good, on-time paying tenants.As an accountant, I always rely on the numbers.

He may not understand the details enough to tell you if it's good/bad real estate.2) If your sales guy understands comm property and accounting - BONUS POINTS.