So I’ve been doing a ton of research on my market, analyzing deals, making connections etc.. and I have a partner who is suggesting that the deal be structured 65/35 in favor of him even though I’m the one finding the deal and all he’s doing is providing down payment funds.Am I crazy to think that this deal should be structured as him providing all the down payment funds and me doing literally EVERYTHING to be structured 50/50 in terms of profits?

She did not show up to court and the judge filed in my favor. 

Do I favor someone who has roots in the area (i.e., has lived locally longer) or who has more than one positive former landlord reference over someone who has a higher credit score or a perfectly clean record?

How do I structure the transaction so that he won’t pay taxes and I can buy the property on favorable terms?

We then completed the title over into a LLC in the hopes we could still curry favor with HML with no luck.Then, over the course of the last 5 months, the scope of the project grew to twice what we had estimated as everything that could need replacing did.

@Chintan ParikhIt’ll work on properties with favorable price to rent ratios.

He suggested forming an LLC together, which I am not in favor of.

As far as taxes go that's definitely something to consider because it's taxed as active income on a flip compared to a buy and hold which has more favorable taxation.

I'm in Florida, so numbers may not be exactly the same, but.... if you are not able to get around 70%-80% occupancy rate for a vacation rental either the property is not up to par, the management or pricing is off, or the location is not an STR-favorable destination.I also agree that for vacation rentals analysis you need to look at ANNUAL gross revenue, not an average nightly rate.

However I can argue in favor for both sides, haha and I’ll leave it at that.