If the business has 1M in equity and one of the three partners wants to leave, their share is 333K.ii) Equity in the business accounts-We plan on reinvesting all profits and maintaining a separate business account to handle all of the deposits and withdrawals.

I personally would only use my insurance for a major sh!

We are also in the middle of a major renovation in a large duplex.

It would be great to have a calculator that allows an LP to see projected profit over say a 10 year period and adding 1 to 2 more investments per year (and rolling over existing projects) to project passive income over a 10, 15, or 20 year period. 

Are you profitable, if you don't mind me asking?

There IRS will tax you on that if there is that much net profit. 

As to @David Decker, I am wondering how much your profit margin is in these properties? 

The building is held in an LLC though and we would be happy to roll the profits over into 1 or more investments that are more passive (more rentals).If we stand to gain a decent amount, is it worth it?

(rehab of 138 units that flooded in Spring, TX) Every ounce of profit we had was dumped into our property.

This would be flip, with an ARV of 225k ...... estimated rehab 50k, missing out on +50k profit ..... so its a good winner, want to fight this out.Any advice, stories of this happening?