@George Frye Hey George, First, you need stipulate in your operating agreement exactly what "incidental issues" are and define the other partner (silent partner).Secondly, you can do this in two ways (no pun intended):You go 50/50 with the silent partner: Basically, you do all the work and they get 50% of proceeds (not revenues)Or you give a set annualized return figure (say, 10%-15%) and pay that to the investor every monthTo conclude, make sure you have a contract drawn up and signed.

No pun intended haha

Of the flip side (no pun intended) if you are wanting to pursue the buy and hold strategy, you will probably be financing some of the properties.

On a separate note (no pun intended), in the US you can also purchase mortgage notes directly.

(Pun intended. ;-) )Once, many years ago, I bought with a "title opinion" from an attorney instead of title insurance. 

Nuts...no pun intended. 

That is just one example where that 15% expenses and cap ex does not hold water (sorry for the pun with Houston right now). 

Would this cost be enough to erode (pun intended!)

The idea of the BRRRR strategy is control and the DIY aspect of investing, but when you put a middleman (turnkey provider) in the middle of all of these (no pun intended), things could get a little complicated.

After coming to a dead end no pun intended I contacted a friend in the neighborhood and they were able to tell me he had passed in the home and was there for almost a month before anyone found him.