I'm thinking along the lines of a trial period where after a certain period of time I'd offer some kind of quarterly bonuses based on lack of turnover/rents paid on time ect ect.

70% rule is so 2009   not relevant in todays market place in any market that has intense competition. there simply is not enough houses to feed all those that are taking class's on how to wholesale  read BP and want to wholesale and or how ever they decide they want to wholesale.. its dog eat dog out there.I find also if your competing against those that do a lot of their own work.. some of my best borrowers were contractors themselves.. if they could buy a property get their normal profit for all the work they did to the house plus a bonus.. great deal for them.. virtually impossible for investor to compete.. only thing that keeps investors in the game is so many contractors simply cant do deals for a number of reasons.. but the ones that are sharp they are killing it.

LASTLY BONUS ADVICE: Add them to your life insurance policy for the life of the project for the dollar amount that they have invested.

I have heard through a friend that I can offset my capital gains from my current SFR using depreciation or something called bonus depreciation.

To use income there has to be a 2 year history (for bonuses and OT as well) and assurances that the income will continue in the future.

You may have to look for neighborhoods that are trending upwards to get the bonus of property appreciation.

So I don't know if it's wise to bet my reserve savings in marketing and partner up with someone to bring deals too (Wholesaling) and grow from there or just get my license and bank on my marketing background to get 2-4 close deals a month in retail, with the bonus of having access to the MLS and the status of being a professional being a realtor.  

As an added bonus, one could easily deduce you haven't studied long enough to develop knowledge of a specific areaWithout a focused BP it's not investment but rather speculation.

This could indicate that the $272 is probably a nice bonus for him to have but that it's not that significnat a sum in the grand scheme of things.

Might throw in a small bonus if the contractor will wiat to get his money at closing....much cleaner this way and less problems than a JV.