What are you asking for it price wise versus the profit margin?

Profits can be split based on the percentage of equity contributed plus your time/effort in self managing and being the boots on the ground.

Would you still recommend doing the llc as an s Corp if the expected profit was lower?

Maybe they made some profit or maybe nothing or worse...

Podcasts I recommend: BP, Jere Metcalf, Keeping It Real, Profits Over Wages to name a few.

You want to have good and profitable experience not headaches and insurmountable debt experience.

I did hear of another rule that said take the ARV x 90% to take out holding costs, then subtract repair costs and the profit you want and use that as max offer price.

You haven't generated rental income.3.

Additional costs such as closing costs (investment property and home equity loan, vacancy in the beginning, repairs)My main question is: Is a home equity loan a reasonable way to generate money for your first deal? 

My question is, how would we divide the profits?