@Joshua D. 

@Joshua Saunders thank you for that info.

@Joshua Parr this was great insight, I have been invited to a local REIA meeting on Tuesday so I will be attending.

@Joshua D.  

I'm sure they will have another coming up soon, I would highly recommend it.Thanks @Joshua Diaz I'm going to be hunting for another soon and hope to find another beauty.

@Joshua Levine Structure is 30/ 30/ 30/ 10 (lawyer).Everyone received an equity portion of the profits and no one was paid for their specialty- the lawyer was not paid for setting up the LLC, the tax partner with w2 income not paid for being our bookkeeper and tax strategy, our contractor the other 30% owner was not paid for his time on the job (this may be structured different on the next one, we may offer him incentives for completely jobs quickly) I was not paid for my time of marketing, negotiating with sellers or acquiring property.Any money someone put up front like marketing costs, materials, cost of filing with state is being paid that out of the profits.

@Joshua Lyon  please inbox me your email address

Hi Joshua, I'm a local investor in the Billings/Red Lodge area.

@Joshua SewardYou are not responsible for them understanding their own tax consequences.

Thanks, Joshua, I think that is a great point.