I just wish I could get a loan for my family to do this or have a bigger investor make most of the profit and pay us a finders fee...in the form of a house. 

I negotiate an equity split after i reinstate the loan eliminating the foreclosure, help them transition with a portion of their profits up front, and pay them either cash upfront to walk or a percentage of the profit after I rehab the property.

One student came highly recommended by Nick's team so we thought they knew what they were doing. 3 investments with their top student and the student had trouble selling all 3 properties and didnt make a dime off of any, neither did my business partner and they had his money tied up for a year with not even a penny profit.

Bernie Maddoff faked statements to show his investors that he was making a profit, bilking them of over 20 billion from investors.

I’m not allowed to profit from any repairs, but I have a ton of experience in estimating for repairs using xactimate software, which has standard pricing for anyone providing work for insurance companies.

In Phoenix, a bigger property is much closer to $225k to $300k and can be very profitable.

My accountant likes it as I can send him a copy of my file and get his direct input where needed.It also lets me track each asset individually and track WIP for each property so I can get accurate profit and loss statements as I go. 

And so here is my question: is a 60/40 profit split in favor of the sponsor within the range of reasonable "market" splits and where does it fall on the scale?

And when you sell this one after 24 months all the profit will be tax free instead of having to pay ordinary income tax plus self employment on the sale.  

Generally after everything, mortgage vacancies repairs taxes etc, what net profit should be expected per door?