Find an investor -You can do a partnership for a Flip with a split in profit if you can sell it for $170K.PM me if you want info on how to structure this.

Presumably he is splitting his commission with that company and he's not getting involved in the day-to-day work required to help bring it to closure.

You are able to split it up into as many loans as long it does not exceed 417k (some areas more).

I just hope the fat cats of Washington do not prevent the honest and hardworking "American" renovation specialists and home builders from doing the right thing as apposed the "corrupt Gov't thing"MY DISCLAIMER:   "BP ROCKS"......

Am I supposed to split my fee with the seller ?

If so, I wouldn't rock the boat initially.

My understanding is that in Texas you can set ups series LLC that allows you to split subsidiaries very easily but they roll up to a master LLC for tax purposes.  

We would probably split 80/20.  

Or, does the IRS treat it as an automatic 50-50 split?

I already have a bank account/ debit card per property so that allows me to not have to worry about splitting up the costs per house on a single bank account or credit card and geting confused.