Two flats are essentially just houses.... they trade like houses and there is a lot of emotion involved.

These leads were very unresponsive and may pan out over a longer period of time but the time involved is just not worth the effort.  

Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.

There really isn't any "fair" cut of the profits, it's really just whatever cut each party is happy with.

Quote from @Todd Anderson: @Benjamin Ying,First off Congrats at making the decision to get started into REI and getting involved with BP. 

@Alba Cheung,your property manager should have already handled this and you should not be involved.

I'm not completely foreign to the construction process as I grew up around a family that was involved in home building, but due to living in another state I can't really lean on them for the direct, hands-on guidance. 

Personally, I would never invest in a place I didn't even visit and also meet/interview the people who would be involved (agent, manager, contractor, etc.)

-how is management split among you, PadSplit and any other third parties?

The reason you see a person’s name and all their entities listed in a lawsuit is because Plaintiff (the suing party) attorneys have to list everyone and every entity that can be remotely tied to a cause of action, otherwise, if enough time passes and through the legal process discover that a separate entity or just a person was truly liable and they didn’t name them in the lawsuit, they are out of luck.