I guess appreciation comes into play.

Years ago, we used to sit in a cafe and play the cash flow game for hours and hours every weekend, it stirred up some interesting conversation, and transformed many a young mind.

If you intend to buy and hold for a shorter period of time (say 5 years or less) and you are buying for the appreciation play, the new build could be the better way to go (but not always of course).

So my focus really is on the deal after the next deal and making sure I keep a good track record so I look good to potential investors and learning what I need to know now, so when i'm ready to try for the big deal i'm not trying to play information catch up.

Obviously you can play around with the percentages, but the key is to assign reasonable values to each piece and then figure up what each person receives based on contributions.

If you buy from some owner and then flip it for a significant profit, the issue of your greater knowledge comes into play and, depending on your relationship, flipping a contract can be considered a net listing issue, having a seller agree to accept a certain price with you taking all the profits above that price.Next, is the broker liability, if you are out there doing flim-flam investor strategies the risk of deals going south goes up, if you tick off some owner in doing a screwy deal your broker can be held liable.Barring that and other smaller issues, like marketing, co-broker arrangements, commission credits on deals with owing the broker a % of the credit being ironed out, no broker can really keep you from owning real estate.

What features would the "ideal" bird dog app have?

I got the same amount of calls, however I have to be honest, I have not played nearly enough numbers to make it worth my while.what is your response rate when using yellow letters?

However, the situation you described did involve related parties, so, gift tax issues came into play.  

And, only the usage after 2009 comes into play.