![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/228398/small_1621434687-avatar-oneson.jpg?twic=v1/output=image&v=2)
26 April 2018 | 22 replies
Apart from the profit split (50/50 as you've mentioned), you should really focus on who has effective operational control i.e. who has the decision-making power.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/953771/small_1621506189-avatar-williamd130.jpg?twic=v1/output=image&v=2)
27 September 2022 | 14 replies
As Wes mentioned above, communicate clearly with your PM and set up a limited POA for someone you trust.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/653768/small_1621494763-avatar-austinl20.jpg?twic=v1/output=image&v=2)
13 April 2018 | 5 replies
I have a little experience with rentals (we own 3 houses we rent out, plus two apartments in our house, all in Valpo) but not with any of the other things you mentioned.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/725352/small_1621496165-avatar-chris__vel.jpg?twic=v1/output=image&v=2)
1 April 2018 | 5 replies
Another honorable mention is the Facebook marketplace.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/532687/small_1621482581-avatar-kevint46.jpg?twic=v1/output=image&v=2)
1 April 2018 | 13 replies
As mentioned it can cause parking issues and noise problems for the other residents.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/981865/small_1621506776-avatar-karlosr4.jpg?twic=v1/output=image&v=2)
3 April 2018 | 23 replies
One market you mentioned Indianapolis- I intend to flip there.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/459281/small_1621477604-avatar-jasonv23.jpg?twic=v1/output=image&v=2)
2 April 2018 | 4 replies
@Carl Fischer , thanks for the mention.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/83796/small_1666118083-avatar-ukefuture.jpg?twic=v1/output=image&v=2)
31 March 2018 | 0 replies
Others mentioned putting it into a self-directed IRA.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/266272/small_1621437551-avatar-danielmills.jpg?twic=v1/output=image&v=2)
2 April 2018 | 5 replies
The reason I mentioned the LLC is that I know we could do this in that structure using unconventional financing.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1005579/small_1621507266-avatar-chrisp313.jpg?twic=v1/output=image&v=2)
1 April 2018 | 2 replies
As you mentioned, very few options available in the market and the good ones move fast.