This is an old post with the OG poster not returning to date.In my opinion, any such arrangement is filled with risks for the money partner and splitting profits 50/50 is so far more beneficial to the GC than the investor.

I'd chat with your tax person on this, and...maybe get  a few second opinions to ensure it's being reported correctly. 

It's nice to be able to have someone else's opinion on this that is in this field.

I think online is the way to go.https://www.biggerpockets.com/forums/12/topics/583698-nyrei-vs-all-other-ny-agent-licensing-courses-opinions-welcomed

I would really like to hear your opinion on whether it is a good investment to obtain my real estate license?

What are your opinions on unreported repairs?

I have reached out to my attorney on the same as well, but want to know BP tax cert investors opinion on the same as well and see if anyone came across this scenario and what was there course of action.

An ESA Dog in my opinion is better than any cat! 

In my opinion, value and synergy are more important than location.

In my opinion, the Pike Creek area is primarily young families.