The business is losing money each day without a functional office.

I think you may want to start of the arrangement in a more simple fashion.Ask for a loan in which he will get a stated return 6% to 12%.If you are both successful happy with this arrangement, upgrade to a partnership.I think a partnership off the bat makes things complicated.You will also likely make more money in a loan agreement if the project does well.

:Might as well go for it most tenants in c class areas are nuts anyway so the extra rent money is icing on the cake  LOL!

Eight years ago we would have dozens of replies under this thread in a single day, I think fewer people are spending time on public forums after COVID)))

I’m an active STR owner/ operator with 2 doors. Used personal funds for literally everything. Never want to do that method again. Any advice on how to execute this? Just came out of a in person event with pace morby a...

Our Playlist Beta Membership gives you access to the following: 🔐Unlimited audiobook downloads of 37+ real estate investing and business books🔐Unlimited ad-free podcasts including Real Estate, On The Market, Money, Rookie Business, and DailyI'm sorry for the confusion and would be happy to clear up any more questions!

I would love to spend my retirement in Florida. 

Pick a type of property you can afford and think about making money through rent, the property's value going up, or both.

. #2) If you are banking on the fact that the listing agent is motivated by making double the money and stear the property to you.....that means you are operating under the assumption the agent is unethical and willing to do something illegal, ie stear their seller to a  worse offer so they can make more money.

To finance the deal, I'm thinking of using hard money and heloc from 1 of my properties.