Help me set my corporation as a new investor and 50% split of deals that I do with him.

Also,What is a typical split for this type of arrangement?

We plan to start with splitting profits 50/50.     

It currently has baseboard heating and split pack ACs that work well (but my family does HVAC so I could upgrade to central wouldn't be too high of a cost). 

I had lunch with an out of state investor this weekend who was blown away by how "block by block" Indianapolis can be if you are in the Urban areas.

All that is to say, I agree with Account Closed.If I was going to do anything I would evaluate what I could get by wholesaling vs what I could get for a flip, make my choice based on that and split the profits with my Dad.

Do you have time to connect in the next few days for coffee / lunch around the Camino Real Area?

I stay motivated by looking towards a future where I don't have to sit in traffic for an hour every morning on the way to work, a future where I can buy plane tickets on a whim just because I can, or a future where I can go hiking every afternoon with my dog instead of sitting in a sterile lunch room at work.

Sell CA property and 1031 the entire amount into a single property, do not split the funds and buy a larger 6 unit or bigger in NC and enjoy the cash flow and stability.

We have around $2million kitty (little less than that).We have done investments before but they were around 60-70k, so this amount is way more than what have handled before.We still hold the previous investments but were wondering if :1) we should split that amount into 70k each and continue doing what we were doing (SFR)2) or should we step up our game split it into 3 tranche of 600k each.3) or just do 1 investment - no diversification.We have been investing for around 2 yrs now - learnt a lot from BP - returning to it after almost an year after applying my lessons from here.Looking for ideas/criticisms.I have other questions but i guess they will spring from responses below.