Later, it's sold and I receive 20% of the net profit.This is purely a money deal on my end (no involvement in rehab or rental).Question - If the property sells quickly (say, within 3 months), and since my profit is paid through a security agreement (I never have title to the property), how would this be treated for tax purposes?

@John Thedford Yeah they seem to be coming in quite quickly.

Thank you @Josh Mitchell for quick reply, I'll ask the lender these question.

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Once, I even did a quick name check for a new LLC (to get some comfort that it would be approved), then submitted the offer in that LLC's name (which didn't yet exist), and completed the LLC registration in parallel.  

Shoot me a quick email with your criteria.

It looks like sale prices are quickly declining in Delaware over the last year/several months.

Hi Jonathan,At a quick glance the expenses look a bit light (currently shows about 38%, where a quick rule of thumb is 50%).

Of course the time of the year may impact how quickly you can get someone in there but it may be better to lose a couple months rent then deal with their constant complaints.