I am not saying you can't negotiate it another way, but if I were lending to you on a 50/50 deal, I would want 50% of the "profit".If the investor with the spouse objects, then I would suggest we get a neutral 3rd party agent.

Strategy:My primary objective is to just cut my losses, get my rent and deposits back, and move on. 

Limited profitability, time financial and learning objectives were met.

Sales have slowed but are still increasing by whole numbers, just not double digits any more. 

Once you get clear on your risk profile and your investment objectives you will be able to focus on investments that meet those criteria and stay away form investments that do not.Good luck on your journey!

Now if you take on debt you might could get overall IRR into double digits but actual cash flow coming to you every month for annual 12.5% is just not that realistic and be passive.The thing with owning businesses versus real estate is they can throw off very high income to value but you have to actively work them and most are not passive in nature.

I prefer paper receipts myself, but others trust the digital world.

There may be other fancier digital ways but at least you can comb through the yellow pad/notebook and find everything (notes, conversations, etc)?

I will admit that I am likely not a pure "A"....but I am definitely not a "B" or "C" landlord.I do expect my PM to be my partner and we should be aligned on goals and objectives. 

@Jonathan Oh Because we are in a heavy digital age, using online platforms will make the landlord/tenant process more efficient, secure, and ultimately better.