I think the community skews anti-guru, anti-paid-program, anti-Gold/Platinum/Super-upsell, etc.  

I was doing a version of the sub2 pre-forecloure a while back before the new anti-investor equity skimming laws started.  

A condo conversion is not necessarily an easy task.

A broker's job when representing a seller is to advise him on price, help him understand that whatever offer they got, most of the time can be worked out.Managing a real estate transaction and making sure all the paperwork is done by the book is not an easy task.

But, now to the task at hand, Subject To is finding people who want to move or need to move: job reassignment, job loss, they want to "move back to their home state", they don't like realtors and people traipsing through their house for showings, they don't like the uncertainty of being on the market, they have gotten military orders for a reassignment, etc.

That way, you have power for turnover tasks, can leave a lamp with a timer so the property appears occupied, etc.  

One good strategy would be to have each of you handle a different task (i.e., one manages the finances and the other the repairs).In terms of the accounting and tax implications, your LLC would file a partnership return.

I used to be the most anti-condo friendly person out there.

Anyhow, emotional backstory aside, I know that as I get more involved into my real estate investing career, my goals will change, but in the present, that is what I hope to seek out from real estate investing.So what I'm hoping to achieve from these forums is an opportunity to shadow and hopefully do an unpaid internship with a real estate investor as to learn the ropes, in addition to getting familiarized with the process and the mindset of a real estate investor as they carry on with their everyday tasks.

How are profits and tasks shared?