Pretty crazy for my first one, will do a longer/detailed post in the Rehabbing and Flipping forum.

I cant go into futther details than that but is there a way to seek partnership wth him but still protect the assets that we own together and that I own separately by going into a partnership agreement? 

You can read in detail about the whole experience in my book Portfolio Loans: Scaling your Real Estate Investments, available on Amazon or through the link in my bio.          

I’ve read several of your posts and listened to the podcast and it’s obviously a compelling directive especially from the degree of detail you share so thank you.

There are some related complications such as deducting expenses related to this flip and the issue of the new 20% deduction - so it's a good idea to discuss it in more detail with your accountant.And congrats on making enough profit on your first flip that you asked your question.

Please message me for details.

Call a local 1031 intermediary and give them all the details:  how long they've held an interest in the property, is it a stepped up basis, remainder interest, etc. 

I'm interested in learning more of the juicy details as to how you found the property, seller, negotiations and ect..   

Hey this is really inspiring - thanks for the details and the warning about old buildings-I will definitely heed that.

Make sure to throughly vet the manager and have detailed conversations regarding expectations and overall compensation.