Thanks for this thread @Stewart VanValkenburg, looks like I'm 4 years behind the cutting edge of Utah County tax sales but keen on observing/participating in this and future years. 

The preferential return provides a minimum for the investor with the upside of participating in a large equity position with the 50-50 split.

Since you have kids this could be your case as well with future expenses such as possibly paying for college or otheractivities your kids plan to participate in.

One thing to note is that many brokers don't participate in property management & many that do like my company Holton-Wise & I believe @David Terbeek 's (correct me If I am wrong) brokerage do property management on the broker/office level but do not allow their agents to act as direct individual property managers.

It's a tough one, because most simple investments require no participation, but running rental properties does, but you might not get credit for it.

I've been doing all of research on finding leads and I'm proud to say I've gotten pretty far .

I was coming in to enable the rehab and participate in some of the upside (think of me more as a mezzanine debt lender with an equity warrant).

The only people you should keep on your social media pages are the people who are proud of your accomplishments.

I recommend it along with all other podcasts.Also @Adam Detig  1st, well done on such an interactive post that brings people into the conversation and is getting people involved.  2nd, super proud of you little bro for jumping headlong into your first REIA meeting tonight right after moving.  

Although some hard money lenders may also participate in profits, that's not typical.In a syndication, on the other hand, where you are pooling funds from private investors, and you are offering them a share of interests in your company, you will typically offer a preferred return and/or a split of profits in exchange for their investment.