Thank you all for contributing!

Thanks for contributing

Thanks for contributing your knowledge to the community.

Read down the contract a bit, the seller's contribution (standard is 2.5-2.7% for smaller investments) will reduce your obligation to pay. 

Having someone else available to do in-person pop-ins is also helpful, though not necessarily required if the contractor is good.There are a few others as well, but more generally I've found that as an out-of-stater I have to a) have effective systems in place far sooner than I did for local investments, and b) need to find teammates and other partners much earlier than otherwise, and often have a way to pay them for their contributions.

@Will Gaston @Todd Dexheimer @Ori Skloot @Reece Iovine @Marilyn SavageThankyou all.I posted variations of this question on several BP forums. none of the responses have been as comprehensive and grounded as you have all contributed.

Considering we will be contributing equally and distributing cash flows and equity (when sold) equally, would it be fair to ask for commission split 50/50 on the acquisition of the SFH we intend to partner?

For instance, they could pay $16,500 in repairs to be paid to contractor and the other $3,500 they contribute to your closing costs.  

I hope I contributed value. 

I'm curious if investors in these sized deals appreciate enough that you are putting in sweat equity that they do not expect a pref.If you don't contribute any of your own capital, is there a generally accepted equity split that you have found desirable to your investors?