So it tough to nogotiate when they walk or improve product quality when there is no problem.   

The KEY is that the brokers/agents who are excellent at what they do PICK WHO they work with and not the other way around.When you have a certain business model as a broker/agent you screen potential clients for a match.People who suck away all of your time, do not follow direction, and do not respect the profession do not even get past the first phase of screening.

If you want to learn more I recommend the excellent books and website of Nolo Press.

The website targets people searching for reviews and best products of a certain niche.

A naturally by-product of that business is working in the rental market often and consistently.

Hey @Claudio GoliaGetting in touch with a real estate professional, as you have, it an excellent way to get started!

Tim:You bring up an excellent point about MI, and it's a valid one.  

I would recommend everyone to get some sort of system in place to clearly see your finances breakdown, whether it be excel, an app, maybe even good ol' fashioned pen and paper! 

However, Person 2 has bad/no credit, and Person 1 and his wife have excellent credit and bank financing will be obtained solely based on Person 1 and wife's credit.Given the situation, does it make sense for a straight up 50/50 equity and profit splitting?  

 :)(If you're using built-in time and date functions in Excel or equal, both of these scenarios should probably work correctly for you.