For a partnership where you're providing all labor and the broker is funding the deal, a fair split typically ranges from 30-50% for you and 50-70% for the broker, depending on the value and complexity of your labor versus the financial risk they're taking.

I heard the deal starts with the land purchase!

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The man selling said he knows he will lose money on the deal as the property already appraised for $560,000 but would love to get a young investor like myself into the game since his son did not end up sticking with it.

Have you seen the show Catfish?

They could buy just the battery and not the solar if their problem is really the power company turning off the juice. 

@Carl TrubeWell have you confirmed the bank will let you assume the loan?

The class will really dictate how to manage the property. 

The problem is it's a very economically depressed area.

If there is "still contamination" at any level, I would be concerned about that and pass on the deal no matter what.