And Rob, since you aren't an attorney nor a compliance type, your credit arrangement is still a financing agreement, you can give consideration other than cash, but a value can be placed on any benefit you can dream up.

In the mean time, I like the idea of starting the PM company with some other broker's license in exchange for some profit sharing arrangement. 

Generally you'd end up with a Tenant In Common arrangement, which from the syndicator's perspective would only be justified for a larger capital investment.

My 1st post so please be gentle. Who am I kidding, no sugar coating, be brutally honest. I need to hear good, bad & ugly and anything else I haven't thought of. Thanks.Just the facts:-Owner has a property where he...

Everything is negotiable with seller finance, maybe your seller is willing to give you a low or no down payment arrangement in exchange for a higher rate or shorter term?

So always plan your money and arrange for lines of credit when you do not need the money.

Income, expenses, assets, and liabilities can easily be sorted by class and grouped with others owned by the same LLC.Both my lawyer and cpa approve of this arrangement.

In summary: It sounds like a crazy idea, but it sure checks a lot of boxes, and it would be a mutually beneficial arrangement for four people who care a lot about each other.

It's probable that the arrangement is now operating on a month-to-month basis.

Personally, I've done very well house hacking single families in class A neighborhoods, but then again I arranged things conservatively so that I always have the means and will to hold through the rough times as well as multiple exit strategies in place in case plan A didn't work out.