My question, if any expert can please help; is if the General partners are not bringing any dollar to the down payment, is it reasonable for them to charge property management fees of 5% as long as they run the property and is it also ok for the other general partner to collect Realtor fees at the end when property sale occurs taking 3% of sale price. 

But the market is growing and values are likely to increase at an above average rate so as long as you can break even your probably ok.

And you can go on title as a tenant in common with your mom - as long as her % TIC ownership is enough to absorb her reinvestment requirements. 

It can also provide you with a nice cushion personally for any unexpected short term financial burdens (as long as you have a plan to pay it back quickly - because you don't want to use it like a slush fund)

As long as they see that I have enough assets to pay it.

From what I remember, balloon payments in residential notes are allowed as long as they don't conflict with state law.

@Phillip Christienet worth Roll and vacancy rate for sfr as long as you’ve had it.

Forget about the interest accumulation...you're not paying it...as long as you have positive CF, the source for the funds to pay the mortgage, and all other monthly expenses is the tenant's rent.I don't draw a line between CF and equity. 

So anyway he is stationed in MS  and was in contract to buy a home in Memphis and for the donation I give personal consultations for basically whatever they are interested in as long as its something I am confident that I know and understand.One thing I know and understand is mid west deep south rust belt cash flow rentals.. after having funded well over 2k of them for other clients and owning 350 of them personally.That all said he sends me the property and what he is paying and the glowing descriptions.. ( this was not a turn key provider)  So just a simple google search ( he had not seen it) so google street view.. 

I want to get paid, but I am more than willing to wait if needed, take it on the side at the end, or whatever else is necessary as long as it's legal and gets me paid.