It seems to be around the PO handling.

Take the profit and go buy a bigger office building (that could handle 15-20) units, or an apartment building if you don't mind residential tenants.BTW, she does not want 10% equity, otherwise she would put 20% down and buy the building herself.

I don't even bother with quotes, just have them handle what needs to be done and send me the bill.  

Finding a great GC is not easy, and the great contractors are not out looking for more work as they typically have more work than they can handle!

I handled all repairs,diagnosed existing problems, performed all duties in the remodeling/repair.

It has links to your state laws so you can (and should) read them for yourself but it also includes summaries of important laws like how to handle security deposits or evict tenants for failure to pay rent.

What I know from from looking up some info on YouTube is 1- you look up properties that have been foreclosed on2-Make sure that in auction the price sold a lot higher than what the house used to owe. 3- Contact the old owner of the house and tell them that the county has surplus fund for them ( if it was foreclosed on for $50k and it sold in auction for $75K- $25k belongs to the old owner) 4- by helping the owner get the money that he is owed you can charge a small fee?

I am partnering with someone and wanting to know what is a fair way to handle the split of profits.

Once you assign the contract to them they will handle from there and get it done if it’s a good deal.

I keep about 10 months worth of rent available at all times for my homes... and trust me, the $1,000-$2,000 of annual cash flow is likely not going to build fast enough to handle your first vacancy.