I understood your reply to mean that the 1-2% would be based on my profit instead of the money they put up...  

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

I have my basics down but I just am in that fear stage to go out and do it myself , I got 3 deals that look nice but I am scared to go at them my selves , if anyone can help teach me I will find the deals and you can keep all the profit I don't care about the money I just want the knowledge

Some seller's will be upset with your profit and some will not.Where will you office?  

I would just rather "pay" for my education in real estate in the form of split profits with a seasoned rehabber over writing a check to some guru in a banquet hall.

Solely from a profit maximization standpoint, this certainly seems like a better option than going solo to me, both in terms of acquiring multiple properties faster, and reducing per person risk. 

But for the average Joe, we aren’t set to inherit tons of money from our family, we tried the stock market but we’ve ended up with average 7-8% returns, maybe some of us have great ideas, but we don’t have the connections and/or the network to adequately fund our business ventures.Raising money to purchase a home is relatively easy for the vast majority of people and in some cases can be shockingly affordable.

That leaves you with a profit of only $10k.

This is how we found a vast majority of people we now work with. 

This formula is the Profit Margin Formula that accounts, for 99.99%, of everything.