1) you can split the income like you describe (no one to stop you), but the IRS won’t like that.  

Finding the right deal and knowing when to stop in the rehab process is not a easy feat.

Finding the right deal and knowing when to stop in the rehab process is not a easy feat.

@George TiglianidisI would love to see the picuture but dont how to post either....maybe someone else will stop by and show us how to post picutures....

I then spend the next days or week going to mechanics and insurance companies to determine what it will cost to fix this and that and customize this and that, and call insurance to get a quote.While I am doing all of that work above, Joe from down the street where you live stops by and says hey Andre, I'll buy your vehicle, here is a $2000 deposit and a signed contract to buy it.Should I be upset at Joe down the street?

For example, I think we are late cycle, so I lean toward the safest part of capital stack which is debt (or debt free equity).

I also offer Wi-Fi so installers will stop drilling holes everywhere in my brick.

I found a similar house where the flipper has replaced windows, HVACs and hot water heaters, got into the wiring and stopped.

Don't let fear of a lawsuit stop you.

I was home from my first deployment and wanted to stop paying rent and making my money go towards an investment.