This aspect is not lost on me...what Dion shared so well nor what you just shared (JScott)...or what many have shared (Jon).We can go forward on the notion that I am aware of what the HOA's want me to understand.BTW: We are working closely with a realtor here in FORT MILL, SC.Perhaps if neighborhoods were more equally presented...For example...Wouldn't it be refreshing if:50% of Neighborhoods were built in an HOA...And...50% of Neighborhoods were not built within an HOA...

Any advice is greatly appreciated and once again I would like to thank all of the people who created and contribute to this site!!

To be sure, I'm not talking about a repeat of 08-09, as the factors that caused that to occur are a long way from occuring again.I'm talking about a downturn specifically caused by factors other than those causing the 08 09 downturn.Thanks again for contributing.

This doesn't include lots which tend to contribute about $10-15 per sf to the total cost.

The five of them contribute money into the entity.

Once I hit a certain level of profit, I'd like to come up with a way to reward him for having hopefully contributed to a successful flip (bargaining with subs, looking for ways to cut costs, etc.), so my plan was to give him an increasing cut of the profit as it grows (and have it cap out at a certain point.)

Maybe even one day being able to contribute with my knowledge after I've become successful in RE investing!

The banker has blessed this notion.

I look forward to learning and contributing to the process as well.

(No mortgage brokers) The operating agreement basically "split" the returns to each individual based upon the cash contributed.