We also have a bank account at a smaller Chicago community bank, but there technology isn't as good to be honest.I think @Jonathan Greene's main point is don't step over dollars to pick up pennies. 

@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.

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

Any other expenses are using up funds that would otherwise be sitting in your checking account to make a mortgage payment with.

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. 

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.

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

I recommend finding an accountant who specializes in planning.

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