Ex 8% preferred return, or 8% preferred return and an equity split.  

We hired a painter at our last turnover as they were there 2 years and it already needed a full paint job, so he listed the hole in the wall he had to repair and the excessive damage to certain rooms and split the bill accordingly, then charged the tenant's deposit for their part.  

When you go, offer to buy folks lunch in between sessions.

My first one was the best to date where I split the proceeds 50/50 on $9,000.00.

Asking Price: 290k ---Recommended Scenario---Asking Price: 290kARV: $314kOffer: $260kSell: $290kThat's a $30k split for fix ups and my profit and honestly I don't agree with those numbers.Can someone give their opinion on this?

Small world, let me know if you'd like to talk about anything on here or meet for lunch or something to discuss RE Investing.  

Was able to contract for 16 (very motivated due to divorce and getting everything settled) and sell for 20K (profit was split with partner)!

In this situation would probably just want a standard PM agreement, if I was you.There isn't any equity to split and paying for repairs seems like throwing good money after bad.

The vesting (joint tenancy vs TIC) on the property has HUGE impacts on whether you can split proceeds up at the end or must keep the company together (in order to avoid capital gain taxes).- will your investor want to be an active investor or completely silent? 

I think it was a pretty perfect 50/50 split for people who even wanted a tub in their master.