If you are good at doing brrrr and can truthfully say creat 20-30% equity profit increase and are running it I would say 50-50 of profit only after your father gets all capital back plus say 5-10% interest rate on money over the time it takes. if your managing the property fair compensation from that also LTR (7-10%) maybe To avoid confusion I will give example You buy 250k rehab 50k including the interest on your dads money over the couple months the rehab takes.

On the flipside, just to make things more confusing, I'm reading that La Quinta is also serviced by something called Imperial Irrigation District which would be about 40-50% cheaper than Edison which is the standard provider for the county.

I’m still new to all this tax stuff, super confusing!

When you make it complex, is when the paralysis takes place because it becomes way too confusing due to too many variables...many of which mean nothing. 

HiMy current rent is $650. It's a room in a 2 Bedroom house in Winnipeg, Canada.In 3 Months I'll be married and move to a separate house.Any decent 2 Bedroom house will cost CAD$1200/month including utilities (maybe m...

Also, I am confused by your response that it is dependent on me.

Although, any increase is usually in writing, so I'm not shocked that the State has made this one more confusing as always.

I’m confused on whether you purchase the property outright, or just provide the seller with a contract stating you will “eventually” have someone take ownership of the property or out of that original owners hands.

@Stephen E. sorry, I got confused on that last sentence - do you already have access to loans that aren't Freddie Mac?  

So hopefully, you aren't confusing when you signed the docs vs when the actual closing was uspposed to take place.Otherwise, maybe closing was delayed until the buyer was able to get their funds released.