Even though the GP only brought 10% of the equity to the deal, their distributions of profits from the venture will most likely be far north of 10%, due to their operating requirements in the deal, while the LP is a passive investor. 

Real-Estate has been the foundation for many more ventures in my life! 

I wouldn't venture unguided into waters that deep, but to each his own.Good luck - I hope it works out for you!

Hi BP FamilyIf you're new to investing and, have the capital and are serious about working with someone who knows what you're going through on your new found venture.

Q3: I want to do this one-time transaction under Join Venture agreement.

I would probably recommend using that money to JV (joint venture) with someone that has experience so in that way you can learn the ropes while still making some return on your money . 

I currently am just getting my real estate journey going through passive routes such as promissory notes for annualized returns, joint ventures with some of my savings, and investing in myself to learn more about how to actually obtain deals.

This is my first venture into MFH (have a couple SFH that I rent and house-hack).

Think Hard Money Lender.Joint-Venture with other investors on a variety of projects.

We made 2 amazing investor friends along the way and we are currently joint venturing on our second flip with them, which is almost complete.