If the property is a house, duplex, triplex, fourplex (some say anything under 10 units is a plex) it's value will be determined by comps and therefore isn't an income property that running numbers on will produce anything meaningful.

He is earning income from his full time job and you are being compensated for your contribution as well.

The business model taught by NationalREIA is to host a once a month meeting at a hotel, where you bring in an out of town guru EVERY MONTH, and sell stuff.Like most REIAs, we bought into this strategy for 2 years until I realized 50% of our members (back then) never showed up again after 4-6 months.This model contributes to lots of folks walking around "dazed and confused" about how this business really is suppose to work.In 2005, we bought our own building to teach our own classes using local investors who really do deals to teach.  

Since there are no replies, I take that as (a) no one has a possible answer or, (b) if they do, they'll PM it.If you can't contribute on topic, then don't.  

Hopefully, I'll be able to contribute as an experienced RE investor.

We think we're onto something big and meaningful.

Also, on most short sales, there is no "negotiation" or meaningful short sale process initiated until After the purchase agreement and short sale package, with associated documents, is submitted to the bank.  

Hopefully you have more to contribute to this site than pitching your own company @Ryan Grothe .....15 posts of the same so far.

Structuring the LLC the correct way and labeling yourself as strictly a passive partner that really contributes no actual management or active participation on the business would allow you to avoid self-employment tax. 

Just wanted to say hi and thank everyone that has contributed.