You can expect 40-50% of rent to go towards tax, insurance, operating and cap ex.

The other side of that equation is that there are a few quality companies operating in what appear to be subpar long-term investment cities. 

@Rudy Estrada I am by no means an expert,  i think that there is no need to record it if both of you are on the deed, when filing taxes and taking the deductions then you can tag along your operating agreement stating the percent of ownership.

Commercial and off market transactions operate differently and are generally subject to what is negotiated and agreed upon in a contract. 

It IS a great market there, and I'm hoping we "buy and hold" investors can push out some of the "slum lords" still operating in the area.

The asset manager is compensated in the form of a salary or fee.E.g. 4 people can split the profits evenly but only 1 person will have managerial authority to authorize purchases and/or operate the properties. 

There are some big holes in your operation so make sure your estimates to flip and make money or rehab and cash flow are accurate. 

Are you holding/operating these properties? 

If you are planning on operating in FL you should know it is illegal to offer properties for sale unless you own them or are licensed.

So now I own a little house in the historic area of McAllen and we just bought an office building for our operation and we are renting space out.