Simple answer would be once you accounted for all income and expenses and determine the net profit, you can distribute that to each partner and then at the end of the year each partner would report their share of profits on their own individual tax return.

Great place to learn, network, and just enjoy chatting with like minded individuals.  

Usually isn't good to ask an individual to do something a bank would not do (besides the credit issues which a seller is already accepting) that puts them at even a greater risk!

@Carlos EnriquezNo, I cannot access the tenant's FPL account number.I do have an account for that property, but it is the main house account, not the individual unit account.Just to be sure, I called FPL this morning and inquired about the rebate program and the rationale associated with the rebate program requiring a FPL account number for the AC install location. 

Each deal was so unique so I've been on my toes the entire time.

Ricky, If you can find individual tradesmen that will work for you at an hourly rate, chances are their work will be far under par.

What class is it for/ what type of individual were you looking to interview (agent, investor, etc.)? 

Each of the above strategies has its own unique set of planning issues. 

And if you can save money by adding a unique feature... sounds like a win win to me.

Individuals can get involved in real estate without much oversight.