There's SO MANY ways you can buy properties without banks and still net a killer profit and/or killer cash flow. 

It's an 80/20 split until a $16k cap and revenue share (not profit share).

One of the deciding factors is will I have to pay 20%-25% in property taxes if I roll the profits into a new multi-family property? 

At the end of it theres a 50/50 split on the profits.

If that doesn’t work, perhaps other incremental goals could be for the owner to provide their email address, agree to a brochure in the mail or provide referrals of someone else who might want to sell.You will need a list for them to call.

And I'm not saying it would give you more equity, but IF you could build 5 houses and have profit on 5 new builds wouldn't that be better than 1? 

We form an LLC (or TIC if that is better) and I do all arrangement and he gets t still share profits with no active work on his part?

Raymond Hill Everything the debt service and PROFIT!

Share the profits.

Hi @Chris Mason narrowing down an strategy is exactly what I'm trying to do that's why I need to gain more knowledge about this subject, I'm a very analytical person and just like playing chess I like to analyze all the scenarios, always thinking 1,2,3,4,5 steps ahead then set up all my pieces  in place and then go for the checkmate (In this case landing a good deal, lowering my risks and maximizing the profit or cash on cash ROI).