Let them figure out who is short and have them try and collect from that person. 

The other two are not sophisticated in real estate, so I would likely be taking the lead while they would be contributing financially and also making decisions on the larger matters (while I would probably handle more day to day issues).  

So pick a strategy to get those cash reserves built up.Once you have your debt serviced and your needed cash reserves and in a rental property some banks want 30 percent down and 6 months of holding costs sold you go that long without collecting rent.

If I simply refer the renters, my employer collects payment from the renter and pays me a percentage of the rent as compensation, up to a certain dollar amount.

This new investor was sophisticated and clearly knew what to do to get into a great position.

So, if they are collecting interest, they will have to pay income tax on it, but the principal portion of each monthly payment is tax free.

@Theresa Harris Gotcha, assuming you have a property manager to offload finding the tenants, collecting rent, coordinating repairs etc?

Note your only option to enforce collection of late fees, repair bills for tenant caused issues, etc. 

The property is currently tennant occupied and she takes 80% while i collect the other 20% for mgmt fee.

If it were me personally, I'd rather buy 4 rentals in cash, collect 6K/mo in rent...and have $50K sitting in the bank to start off....not too bad if you ask me.