Originally posted by Account Closed:My partner and I submit two or more offers side by side if the numbers work.

Congrats Account Closed mentioned. 

It only complicates your business and makes it more difficult to operate.If you actually have a good accountant I would be very surprised if they recommend you form a corp.

Sometimes accountants will set them up for their clients but I'd recommended using an RE Lawyer.

I know the deal can be structured anyway we want, but I am looking for examples so I can get some idea on what has worked before...For example:Two way (50/50) Flip- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)- Partner 2 does everything else, identifies property, manages rehab, flips property- After project done each partner gets 50% of profitThree way (33/33/33) Flip- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)- Partner 2 does project management, accounting, records- Partner 3 does coordinated all the work required to rehab the property- After project done each partner gets 33% of profitThanks in advance

Account ClosedI would just add the repair cost and cap rate to your numbers there.Do you have any REOs/short sales and such in the area?

Account Closed nice deal!!

So I feel 1% allows me to account for a little adjustment)Vacancy Rate = 11%Closing Costs = 2%Selling Costs = 6%Cleaning and Maintenance 0.8%Property Management = 11%Repairs = 8%CapEx = 12%Taxes = 1.2% (I tend to adjust this one frequently, but this is my default)Insurance = 0.5%Other Expenses = 0.1% (my flex money as a "just in case")Initial Renovation Costs = $500

We just released our annual short-term rental report, and PCB is the most profitable area in the U.S. to invest in a vacation home.

In this case, I would talk to your accountant now, so that you are clear on the plan,  and not scrambling at tax time.