It's highly debatable whether $50k can be considered "reasonable compensation" if you make $200k from commissions on the properties you sell yourself (as opposed to a split with your agents).

As a reminder, this was not just a standard break-up, but a toxic-split which led to the brothers not speaking to each other in the years that followed (in addition to lawsuits being filed).

If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!

Happy to meet for lunch sometime and talk about how we can help each other!

Whether it be a ceiling height that is off an inch or two, and therefore the perfectly aligned tile lines for the tub surround that now need to be biased up, down, or split in half... 

Split the APN for each property then they will be treated as individuals. 

A friend of mine and I went to meet him at a local golf course and then we talked more about the opportunity over lunch.

All utilities are split and are paid individually by the tenants.

Thanks Jaron, we are very split on this decision but I am leaning towards your approach. 

Another option is a Tenancy-In-Common (TIC) structure, where ownership is split between you and the LLC, allowing compliance with 1031 rules while securing financing.This post does not create a CPA-Client relationship.