Hey nice to meet you all, I've been listening to the Bigger Pockets Podcast for a while now and I finally decided to make a profile on here and I am excited to get to know some like minded individuals and also learn from more experienced investors. 

Two that come to mind are you could buy in a Corp entity (LLC) and he could be a member in the LLC (80/20) as you reference above; or you could buy the property and enter into a JV agreement with them that would outline the compensation structures. 

@Joseph Waitkevich Would you mind sharing who this is (even in DM) so my team can steer clear of referring or future business with them?

I think the value from Toby is the combinations of that he and his partners who understands tax, law and actively participate the things that he/they said.What needs to make sense is if the value they provide offset their cost and if they can really deliver the end result as planned.   

📄My journey in real estate started with a hands-on approach, where I actively reached out to property owners.

The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

If you have equity, consider pulling out money to invest with a home equity line of credit.Also, because you have a schedule that can allow you to actively work as a Realtor, I would encourage you to get your real estate license, as I did, and begin networking with other local investors and helping your sphere of influence buy, sell, and invest.

If you have the 80% LTC loan, keep in mind that the lender will likely require anyone with a 20% or more interest (that's going to vary from program to program/lender to lender) to guaranty that loan along with you.

Just curious if you had a specific plan in mind?  

I enjoy the peace of mind of not having them spread all over the place.