At 6-months no rent you're bleeding money. 

Now we do 20+ flips/brrrs per year and raise money for them.

You could also use hard money or rental financing, but you'd need to make sure it will allow beginner investors.

Are you ok with giving someone money and losing some of the control?

Its easy for a contractor to spend your money and say replace things.

Aggressively pay off the mortgage and save a lot of money on interest.

Where would this rent money be, if its not in a bank account?

I have sites you can purchase where we can 2x your money in less than a year all cash through zoning and entitlements.

CA investors still make money. 

I was also told that the LLC interest has to be divided based on the capital contribution and cannot be divided based on the work, for example it can't be a 50/50 partnership if one puts all the money and the other does all the work.Any additional insight or leads would be helpful!