Should I bring him in-house, that is make him an employee and pay him hourly/salary and give him a bonus when the property sells, or is there a good way to arrange a relationship with a GC to keep my profits in mind too?

If general partner has no money and limited experience, here's what it would take to have me take a look at actual deal 1- Experienced RE consultant hired to analyze project 2- Experienced property manager on board 3- Money partners getting preferred return plus 95% or more ownership. 4- GP getting no upfront fees and no cash out until investors are repaid 5- GP can get bonus payments both yearly and at sale based on certain targets.

(FYI) this link gives me bonus space for my account .. would appreciate the bonus space if you choose to use dropbox!

Double commission in real estate is like getting a bonus and agents love when this happens.

For me it was a bonus: I had a dog that didn't bark, didn't let me know if someone was coming, or at the door.

As an added bonus you will be able to pick the cream of the crop and keep it for yourself and BD the rest of the deals you are finding.You may want to see if you can DONATE your time to help in the operations part of what your investors are doing so you get invaluable teaching and experience from them also.

This is not a direct answer to your question, but if you structure your seller financed deal correctly, then taking a property back and re-selling it is a financial bonus, not a setback.If you're having to take back properties, perhaps you need to re-evaluate the structure of your deals.And typically, paying more taxes (but not more than necessary) is a good thing.

The bonus is the Foremost claims process has been improved by Farmers so you get Foremost underwriting with Farmers claims service.

First and foremost, I want to help her; it would be a bonus if it helps me too!

I used them again and again when the big rush was on and threw a bonus in if I made the deal which they were not expecting.