The structure we landed on was as follows:- Fixed Builder fee of $300k (each project varies but are 2-6 units, and 5,000-9,000 total finished sq ft)- Fixed Return on all my initial capital invested of 50% (plus return of 100% of initial capital)- Remaining Profit Split of 60/40 (60% to me, and 40% to him)I understand a lot of this hinges on how accurate the proforma is and how close we can get to actually hitting our development costs estimates, build cost estimates, and sales per sq. ft. estimates.

If I choose to hire a cleaning company I will need to log my hours and have the cleaning crew bill per hour so that I can prove I that I am working at least 100 hours/year *and* that my time spent is more than anyone else (so in this case, my hours must be more per year than my cleaning company).Some more details:https://www.hwcpa.com/passive-...

At a glance, it's just Quicken 2.0: advertise a great rate, bury in the small print over $10k in junk fees per $600k borrowed.

The house sold in a few minutes.

Ideally, my property generates around $500 per month cash flow after accounting for rent, insurance, tax, interest, PM fees.I’ve recently realized that repairs costs have notably affected my profits.

What is the $sqft for light cosmetic, full rehab or full reno, full gut or what price per sqft are rehabbers using for renovations? 

We will usually comp cleaning fee or give gift cards to local restaurant to comp any legitimate issues.

Just looking at this purely from a cash flow standpoint, I'm at -$800 to -$1,450 per month.Condo-Hotel, Using WorldQuest as an example -~$260K$180K HEL at 9% - $1,450/MoHOA - $550/MoTaxes - $166/MoInsurance - $200/Mo?

Also you need to figure out how you intend to cover inevitable property damage done by guests but there are plenty of solutions for that in the marketplace where guests pay a flat fee per reservation in lieu of a deposit and you get covered for an assortment of potential issues (bad checks, credit card chargebacks, fraud, personal property damage, etc.)  

There is no additional fee for any of the payment services like ACH (except credit card - which the tenant pays for if they use one of those).