Partnerships can get a bit messy:Partnerships need to have contributions between two or more people, sharing in profits and losses Partnerships are passthrough: they dont pay tax, the owners do via the schedule k1 then on the 1040The amount on the k1 is not necessarily a distribution.

What he fails to share is that he had a $300k/year salary before he got started. 

I have a spreadsheet for doing this and can share that with you, or you can use the BP calculators.

Hi Megan,You can structure an LLC with an operating agreement and outline the share of ownership of the company.

Augustine STR investor and would be happy to share my experience.

On a note, your return is an interest %, but on a split, you share in the losses as well. 

As a business owner and with my wife being a physician, we have found a shared passion for remodeling homes and unintentionally turning a profit with our past properties.

I would be more than happy to share how I get my deals off-market. 

Happy to connect and share more knowledge.

Hello BP Fam.I'm so excited to share with y'all that I mentored a friend of mine, who wanted to get in real estate investing.