It's about even in his labor and my paying for expenses anyways, so I'll just treat it like a normal rental I own, just half the numbers, and when I buy him out I'll account for any difference in investment then.Good points on the "paper losses", I'll just file it as it should be and not try to 'tweak it' for extra losses.I see the path forward, Thank you.

Although Quickbooks is not really customized for rental properties, it is a straightforward accounting program that will allow you to follow any investments or business activities.

Rehab is pretty straight forward, except for one thing: there's definitely foundation issues.

Real estate in SF isn't as straightforward as other cities but has been highly rewarding for those that can navigate through the mess.

The path of monetizing American debt through the Fed is unsustainable.

That one is a little off the beaten path but close enough you should get some of the surge.  

It is fairly straight forward to build equity, that is getting a valuation that is higher than purchase price + cost of improvementsRent / price of property ratio is low, so difficult to get a good return on rents.

I guess that is the beauty of this industry, you can go so many ways about it and reach the same goal of 1 Million no matter which path you take.

I think the best thing to do is just be straight forward and say, I'm just getting started and I'm looking to learn and get to know active investors. 

Some people want the hand holding and direct "do this, now do this" approach.Don't stake your reputation on it... if thats the path they choose, thats the path they choose.