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.

Being new to the craft I am looking at finding as much information as i can on finding, bidding and funding prospective deals.

Should I be listed in their LLC (as a service provider owning no equity, but taking my % of the profits) or should relationship be crafted in the Joint Venture agreement? 

Christmas is a craft.  

It's not a slum but they are also not as meticulous as I once was.

Yes just an LLC will do but what is always not said is that the meat in how the LLC works is in the well crafted LLC operating agreement.  

Do your due diligence  meticulously on this Nieche.