What is a typical split in that situation?  

Typical scenarios that I have been getting for my investors are properties for around $70-90k with rents for $800-950/m.

This is just over the 3 year mark and I believe I'll have to pay full capital gains (appreciated over $80k from date of purchase).I'm assuming my best bet is to give him the boot and make sure I sell the property before 3.1.17.  

Curious to see if folks have suggestions for research I should do/knowledge I should gain before interviewing GCs?

By leaving an allocation to land, you would shift some of the income to capital gains when you sell, which are currently paid at a lower rate (max 20%)."

This has been the best resource I have found for gaining applicable knowledge for real estate investing, consider it your first good decision in REI! 

You wouldn't want to have them redeem after you pay for the foreclosure and payoff the taxes, that might not be an attractive gain.  

Investing typically takes much less time then commission work so you can fit it ii in between commission deals.This has been my strategy for several years and it has worked out nicely for me.

typically, although I haven't looked closely, counties set the opening bid at the tax amount owed. 

Unlike qualifying for a typical mortgage where it's all about income and credit, in this arena it's all about experience.