What stage are you in now? 

In regards to his performance, I am starting to get past the "mentoring stage" and moving into the "corrective action" stage.  

Whatever you do, I would suggest a hurdle where if you achieve X% return on investment then all dollars after that are split at a more sponsor friendly split.I do agree with Lew that you are better off getting ahead of the conversation on the arrangement now rather than later.Best of luck!

It looks like essentially they are tacking 40K onto the amount due at the balloon.This looks like a predatory arrangement where the seller is hoping the "buyer" will give the property back.

Right now, in the beginning stages, I'm interested in learning as much as I can about any facet of REI (wholesale, notes, etc) and like many others have been scouring the BP forums for all the info I can retain.I've also been looking into joining a local REIA, and noticed that there are a few different groups in the DC/MD/VA area.

This is somewhat a red lining issue, it's a bit of a fraternal leasing arrangement.

Hi all,So I'm in the beginning stages of finding my first rental property and I'm currently looking for funding.

The other option for finding as much equity as possible in a turnkey is to buying in markets that are at the infancy stage of the growth cycle...again with the buying quick as soon as a {growing} market becomes known.

Right now I am still in the education stages.

I like them because there are different products for the various stages (e.g.