Just find a rock star residential person and be around to explain anything to your neighbor.Good Luck!

He also lives out-of-state which limits his involvement capacity).Question 1: given my level of involvement vs his it's only fair that compensation or investment % differs-- Would splitting profits and expenses (post purchase) 50/50 but purchase costs (down payment, closing costs, etc.) split 70/30 (me 30%) be a fair?

I would split the cost of utilities by percentage rather than charge a flat rate.

Get in with an HML, hopefully at a 90/10 split with 3 points at 10.5% interest only.

The sellers insisted on a clause in the P&S that said we would split the difference between appraisal and offer 50/50 by default.

While we already had attorneys and rock solid insurance, it was still an ordeal.

Hello BP community, I've never made a real estate deal but have found myself recently obsessed with it. Im using this post to test the waters on how powerful this medium is. I found a property that grosses 3200 a mont...

Christina Kim you could also get an agent yourself who will work on your behalf but will be paid via a commission split with the listing agent.

I am near Irvine all the time.If you find 60%-70% of ARV in SoCal, you would be a rock star ... you are in a much more competitive market than most, and Real Estate is highly localized. 70%-80% and you should be ok for wholesaling here ... if you can get it for less, all the better, but it would be very tough. 

A lawyer I spoke with online through RocketLawyer said it will probably cost me $1000 attorney fee to generate a demand document such as that and said I may as well split the difference of what GC thinks I owe him vs what he thinks he owes me (about 2k) and call it a day.