We've received profuse thanks for this from borrowers frustrated from dealing with inarticulate lenders and convoluted criteria.

He's proposing I would receive 20% of net profit from the rental income as well as 20% of the property value (minus land value).  

If you're not licensed, you can likely still cut some of the expenses by working an agreement with your realtor to receive full commission on the purchase of the property and a reduced fee on the flip (since your agent would get 2 commissions on one property, it's not unreasonable to ask them to take a small reduction on the back end of each one. 

Thanks so much, as always , really appreciate the help I receive on this site.

In fact, I'd argue if it wasn't for certain hard to fill jobs receiving outsize increases in wages that overall wage growth would be negligible if not going down. 

I hope you receive some suggestions as I'm really interested in this as well.

Received an email form my property manager explaining that my tenants dryer stopped working and that they called a maintenance company to look at the dryer ventilation and discovered it to be clogged.

Or move into each property for two years then sell.Hi Russell, The tax code was modified in 2008 so that you will not receive the full tax-free exclusion after moving in and living in a rental property. 

Received a letter from them stating they will have it replaced if I don't fix by a specific date (yesterday).I sent my plumber there, he ran it and his official opinion is that the dishwasher is working fine, and the tenant should try a different soap.The tenant called again, is still not happy with the dishwasher.Ugh.My thought is to send an official letter stating that the unit was professionally inspected and the recommendation is to change soap, and also further visits will be billed to tenant at $XX.How do you handle these matters?

As a result of my growth I got started with quickbooks as I wanted to track everything correctly and use their invoicing feature to bill my tenants and receive rent electronically.