50 house rule.

I just need to give them 50% of the sales price which is way below appraisal.

The provisional license is basically a probationary license for 1 year to make sure that you comply to all of the necessary rules and laws that come along with brokering RE.

Two tenants also helps you mitigate risk, should one leave you still have 50% of the building occupied which means your carry costs are only 50% of the NNN's and PITI.

If you want to introduce new rules or increase rents etc. they can simply withhold the rents and you go bankrupt.Not a good investment risk.

There's nothing complicated about our LLC, it's a simple 50/50 partnership.

Just make sure you understand all the rules around it, have a property management company that knows how to manage these types of properties, underwrite within the rent limitations and demographic limitations of the property.

Like with a many sales techniques you don't get a good sample size (and won't likely find success) if you just target 50 homes.  

The returned amount was about 40-50% of the original investment.

Unless however you are more than 50% commissioned or a 1099 employee that would require taxes.