I recommend finding an accountant who specializes in planning.

@Nate McCarthyProfit Splits and Contributions:Dividing profits proportionally to investment (2:1:1) is common, but you could also account for sweat equity if one party is doing more work.

Skills or qualities in no particular order: Communication, patience, empathy, listening ear, backbone, resilience, determination, organization, work ethic, lead a team, thick skin, time management, trusts their instinct, and all-around good ethics! 

You are neglecting to account for gentrification, which is the biggest REI gain or all.

It may seem easy to jack up rent but there is something to be said about good, on-time paying tenants.As an accountant, I always rely on the numbers.

We take accountability for our own actions however, in this instance we will not.

.$70,000 financed as a 30 yr mortgage with 7% interest.Monthly payment to repay $50K PML in 5 years: $966.64Monthly payments collected on 30 yr loan of $70K @7%: $465.71$20,000 in the bank account after transaction closed. 

Make sure your accountant specializes in real estate taxation.

And that’s not even accounting for the countless hours spent managing the properties.

are you allowed to edit the chart of accounts?