I have already taken my real estate classes and just need to study to take the test.

I would maintain at least 50.1% control of the property, they would collect a 1-3% acquisition fee, and 1-3% on-going fee.Essentially, it should be a win-win for all parties involved.

Thanks for the suggestions..yes, I am listening to podcasts everyday, reading some books, networking here and locally in my local REIF, studying to get my realtor license by end of year and reading in the forums@J Scott  Good question.  

Even if you own 90% of the share, but if your papers say you will maintain 100k on the llc and the remaining is split 50/50 by x and y, it is not a question.

Yeah sounds little out there but lets study it. 

I have been studying for years, as real estate has always interested me. 

NO agent in their right mind would give this out.. they could lose thier RE licensee plus in our market its a 20k fine.RE license is basically easy to get if you can't study and pass the test then you have bigger issues.. and if you can't afford the 1k or so a year to maintain it .. then this is probably not the industry for that person as well.Poor advice to have someone just give out their MLS code

You can often see how much care/attention/time an owner gives a property based on how it's maintained and who lives there compared to other like buildings in the neighborhood. 

My name is Mike Strobel and I am a current senior at Liberty University studying Project Management.

That way there's incentive for him to maintain it, he gets paid more during the winter, and you don't have to pay for all equipment fully.