I would recommend 60-40 or 65/35 only because you have to recognize that he has more skin in the game money wise.

They would recognize and pay tax on any cash received by them this year. 

I recognize your heart is in the right place, but I live not far and I'm in those areas all the time and it just is what it is.

In the Southeastern US, only North Carolina and South Carolina recognize the concept of Due Diligence (DD).

Don't worry, I have been at this long enough to recognize a default, all of the excuses you can imagine and when the borrower/buyer is at fault, they need to move on.

Finding a Partner: I recognize that I need an experienced partner to help qualify for the loan.

Sometimes they buy neglected properties and turn them into modern apartment complexes or commercial centers.Developers must be able to recognize the potential of a particular property. 2.

I applaud you for recognizing that some advice you should take with a grain of salt.

@Maribel Manibo It sounds like you are already recognizing the pattern in the industry. 

Neglecting Taxes: Poor mindset investors may not take advantage of tax-saving opportunities, leading to higher tax bills and reduced profitability.It's important to recognize that mindset alone does not guarantee success or failure in real estate investing.