@Lee SchramThis is a partnership issue. 

She's not a CPA, but she's worked with numerous real estate LLCs and partnerships.

I am looking for knowledge and partnership on this site. 

Partnership. 

I would agree with @Daniel Huang Partnership % split is based on what each partner brings to the table such as experience, who found the deal, cash, credit, time involved etc.  

Goals:I am working on saving my money to begin investing properly, but am interested in meeting people in my area who are interested in a partnership.  

However, I've also been witness to partnerships that have gotten ugly. 

@Jim LouThere are plenty of ways to structure a partnership.

One requirement of the license is that an elected officer must be a broker (see below from the website).If you apply as a corporation, you must have at least one elected officer who is individually licensed to act as the primary broker for the corporation.If you apply as a partnership, you must have at least one partner individually licensed to act as the primary broker for the partnership.If you apply as another type of business entity (e.g.

Since you're interested SFR's, you should check this equity partnership deal I just posted on the marketplace, which is a great place to find deals, partners, financing, etc...http://www.biggerpockets.com/forums/517/topics/211...I wish you all the best and look forward to connecting with you at some point.