Is a 50/50 split of all cash flow and appreciation appropriate? 

Furthermore, I could've sworn appraisals are done when you have some level of construction documents so that a bank can loan you appropriately.

You're right, we should have never retained this contractor until the appropriate documents were given to us.

But properties priced appropriately can still go under contract in a matter of days, sometimes with multiple offers.

Compare your rental to others in the area and that will determine the appropriate rental rate. 

Moderators - let's leave this up and think about if this kind of intro is appropriate for new small business owners, one time, as an introduction going forward. 

Dave Ramsey’s preachings are appropriate for these people.His preachings are limiting for those that are building generational wealth. 

Were you given the appropriate amount of time of notice? 

Also the program leans heavily on educating yourself on taxes and accounting which I thought was valuable and helped me with some other businesses, thinking about how to set them up differently and work them into my life plan a bit more appropriately.  

@Priscilla Shu it is OK to keep going if you are doing it in a legal way AND you have appropriate reseves to fund you past problems.