I was recently approached by a contractor who wants to partner basically I would have to put in either all or some of the money to acquire and to fix a real property how would you say we divide the money that we earned?

Therefore, simply quoting a general expense ratio is not the correct approach. 

I have been approached by several Exp'rs to switch. 

First of all I would like to say that your approach of taking a job as a real estate assistant is a fantastic idea to maximize your time, it is something that definitely wish I would’ve thought of when I was taking my pre licensing course.

@John Thedford I think you should rethink your approach.

Cashflow is king is a short sighted approach, one that often has limited room for growth potential.  

We can all get a better understanding of the many ways a similar situation can be approached.

For the unit count, the payroll actually seems high to me, but different operators will approach that differently. 

Couple that with the $60k lot and you're at $585k which leaves $165k-215k left over to build the well and septic before you start approaching the prices that that size cabin seems to be selling for as a new build. 

If the seller has a loan from the person he bought it from why not approach him and see if he might carry you for a couple years.