However, the resulting income is taxed as business income, which means ordinary rates PLUS 15% SE tax.The starting point would be to decide which of the two treatments is applicable in your situation and then structure it accordingly.

@Anthony Wick - I have 3 partners but I structured it 1:1 with each of them and I would not have done it any differently. 

Expenses:$400 Mortgage $112 credit card payment $80 property management ———=$592-$750=$158My question is how do I structure this so I get all my credit back so I don’t have to pay interest after the 12 months?

The context is important to how the offers are made and terms are structured.  

It depends on how you structure it. 

I am new to real estate in general but with some help, I’ve structured a business plan for the model I would like to follow.

I am new to real estate in general but with some help, I’ve structured a business plan for the model I would like to follow.

Colleague provides the cash, I provide the rest (deal analysis, negotiations, closing, repair planning and execution, management etc)What I’m curious to get the opinion of BP on is what’s a reasonable way to structure the split of profits?

I wonder what important structure has been added to some contracts that a partner may have felt was helpful in unforeseen events.  

On this particular deal, there is plenty of parking and there is also a lot of raw land behind the existing structure.