And in return he gets the legal business of my 2 investment funds (prox $60,000 per year in legal fees), the right to participate in these deals as an investor, and fees for drawing all legal docs of our purchase, sale, and lending transaction (prox ($20,000.00 legal fees).

Other partners want to keep a bigger slice because they do not participate in these fees.Any thoughts?

Considering doing a few buy / improve / sell deals with an old buddy of mine who's made a living as a RE Agent for 30+ years.I'm an early retiree , have owned commercial RE deals , MFH , SFH for 20+ years.I'm trying to set up a structure that is fair to both parties , and gives us plenty of motivation to do 5-6 SFH buy / improve / sell deals per year in solid neighborhoods.Any comments on the following structure :- Funding partner funds 100% , co-ords legal & admin , proforma & budget , secondary participation in rehab co-ord and finding deals- Selling partner , finds deals , primary rehab , sells deals- Funding Partner earns 1.5% return on equity per month- Selling Partner earns commissions on each end of deal- 50/50 profit participation - Form LLC for holding ( both ) and separate LLC for funding ( me )Is this " reasonable and customary " , " win / win " ???

Little did I know he was plotting an attack.On my next trip to the dumpster I shut the screen door and turned just in time to see my furry little friend doing this matrix style flying leap from the railing and wrapping himself around my bare leg (had on shorts).

Maybe they have no hobbies, no family, no desire to travel or participate in leisure activities... their time may be close to free... others have kids or parents they care for, hobbies and passions apart from making money, charitable or non-profit pursuits, etc that they would love to be doing full time if they had the funding to do so.

But, the ones we have participates via email regularly.

Put your hand by a vent on a gas and feel the heat, put your hand by the vent of an electric unit, and it barely feels warm.

Hi Josh, I'd be happy to participate.

Time spent as an employee in real property activities counts o nly if the taxpayer is more than a 5 percent owner.SECOND TEST: Does taxpayer spend more than 750 hours in real property businesses and rentals in which he materially participates?

We also started pulling up flooring that was set barely over concrete with batt insulation under it... there were mushrooms growing in the batt insulation.