Looks like @Eric Smart post was removed.

But I figure at 23 years old, now is as good a time as any to start getting smart!

He has a change of mind and now wants the following:50/50 investment (he pays half, I pay half)50/50 ownership50/50 cash-on-cash rent pay outs.He wants NO management or ongoing responsibilities.IE - I do property vetting, mgt of rehab, mgt property, mgt finances, mgt llc, etc.My question to all of you very smart & creative financial folks is this:How can I structure this deal that make more sense for both of us.

Let that drive you to work hard, and work smart!

Assuming you derive your monthly income from investing cash flow is necessary where as appreciation is simply a bonus for having invested in a smart income producing property.The strangest thing about most appreciation investors is that they usually never realise their gains since they are reluctant to ever sell and can not pull out cash due to the further negative impact on cash flow.

BUY FROM AN ESTATE SALE BE SMART?

Currently I work at a technology startup in San Francisco focussed on the new construction and remodeling industry.

Smart investors understand the value of cash and do not allow it to wallow away in a rental property.

He is smart, super responsive and very knowledgeable for Bakersfield area!

Hi @Duane Hundley, sounds like a smart move financially, as long as you're okay with the downsizing.