I do want the ability to segregate the access so co-investors can see only those properties where they have a slice of the deal.

I plan to charge him little or no cash in the referral, in exchange for the ability to shadow him on the deal.

Financing- Hard money- Private lending- Sub2- REOs- How does my choice in business entity impact my ability to obtain financing?

You'll be a millionaire and have the ability to make millions upon millions more.So just do a deal to get the experience from it.

It does not exclude one's ability to do a DCF analysis.I think all of the posters here agree that one needs to do proper due diligence on any investment and do a financial analysis if the numbers are not obvious.Interestingly, although I am a big proponent of discounted cash flow modeling, Warren Buffett does not do all that stuff.

Being the member-manager of the LLC, you have the ability and authority to act in any way on behalf of the company.

Year 2 and after that is up to his ability to work the deal.

So we have the ability to go 50/50 on expenses and it will also make getting a loan easier.I am interested in getting into REI, mainly flips at the moment and eventually multi unit rental properties for the income stream.So to make a long story short, given my circumstances(money, expereince, market) what would you do?

There is no real connection between a residential property's value and its ability to produce an income stream as a rental.

The contract would be meaningless, and whoever won the sale would now have the ability to buy the house.