You might also hear on the podcast to treat it like a business so great business books will help also like Thinking Fast Thinking Slow and Don't Split The Difference.

Just my .02..I suggested 50/50 split to start off the conversation.

You've earned $132,000 more by splitting your money and leveraging it.

I made it to the level of Director, with a team of 10 by the age of 28 and I rarely worked more than 45 hours a week - probably averaged below 40 (9-5:30 with an hour for lunch). 

Additionally, because the stuff is so low quality, make sure you use high quality paint otherwise the wood isn't protected from the weather and will split, crack and peal.Another tip. 

This will allow you to split test your marketing.

For example, would it be more mutually beneficial if I had to pay X percent in interest or to split profits 50/50?

Right now I have only one Section 8 tenant and the rent is split 50/50.

I've also heard of having an investor become an equity partner of the LLC and not sure if that would apply to this situation, how that would be split since we are already at a 50/50 split (45/45/10?) 

My goal is to have him list the property and I would:- pay him 5% commission of total purchase price if he find a buyer, representing both buyer and seller-or split the 5% commission with the buyer's broker 50/50 if another broker representing the buyer approach him to offer and buy the property, such that my listing broker would get 2.5% and the buyer broker would get 2.5%.