There are many options but to keep it simple and the business well capitalized you could have all partners put the same cash in and just pay him for his time and labor as an expense to the business. 

Most likely her whole backstory is a fabricated web of lies, but even if it isn't I wouldn't take her due to her response to fairly simple clarifications of her application.When you made this post, you already knew there was something amiss, right?

The concept is very simple: if you can put your money into an asset that will grow at 6-8%, and you can get a credit line against that asset at Prime, then anything you do with that credit line is adding value on top of the original asset.

Will a simple promissory note be enough to record a lien on the asset?

Seems simple.

It can be as simple as driving by and looking at the yard or a comprehensive assessment of everything inside the unit.

It really all boils down to good estimating and simple math.

Additionally, when I have several projects going, I have to do a lot more accounting for floating checks/expenses than I would need to if I scheduled each electronically.Has anyone found a good and simple method for transferring money electronically that a contractor could immediately see the value? 

It's simple, but hard work.Good luck!

I’m cautious around what I don’t know, and even though my dad has always steered me into investing and is really good at “educating” me, he makes real estate sound overly simple, and I’ve watched him struggle with different flipping and tenant issues that has just added to my fear.I found bigger pockets 3 months ago, and have learned more in 3 months that I have in the previous 20 years about real estate investing!