Sounds like he is bringing  a lot to the table, though, so moving forward maybe consider a different arrangement.

@Patrick Hall@Linda Weygant@Yonah WeissThe distinction is between (a) Individual Retirement Arrangements - IRAs and (b) Qualified Plans (e.g., 401k, profit-sharing). 

I would imagine base case is a commission only arrangement, if possible.Thanks for any input.

I'm eager to get a better understanding of the terms of the arrangement, and particularly the specific documents used to secure and document the transaction.I'm reaching out to you via BP message now...

I will contact all of you as I get to the locations I mentioned and hopefully arrange a meet up and get a chance to speak to all of you! 

@Ian Kurela, no, I don't deal in Gaston County right now, due to a non-compete business arrangement. 

I don't know if your current arrangement has such a document, but it should.Investor pays ordinary income:  Yes, this is true. 

Instead, I either sell the purchase agreement via assignment, or do a "double close" purchase arrangement. 

Care to share more of what that arrangement will be?

Look if you start doing special favors and arrangements from the lease you are training them that you are a pushover and easily cave .