One thing to note is that most DST’s are loaded with a ton of extra fees (sales commissions, etc), so they may not make such a great first option.

Seeing no point in paying me a fee or ability to collect the difference to be an additional resource to get it sold.

Garland, Rowlett, or Little Elm PonderYou're pretty late to the flip game with that type of budget...Not saying it can't be done, but there's no low hanging fruit esp with a wholesaler fee on top of it...

Get the wholesaler paid their assignment fee yourself if so.

Had the heater “fixed” (I believe she broke it) and received payment 18 days after due date, of course no late fees included.

For example, things like vacancy, no payment, rent increases, late fees are all going to affect the actual number.

In terms of structure,  one example:1)Offer a preferential rate to the investor, i.e. 6% per year2)Split 70%(investor) / 30%(you) after the preferential rate is given3)Exit/Appreciation Also 70/30 after his money and rate has been paid 4) x% management fee on gross (you)If he is putting all the money down + signing on the mortgage, 50/50 doesn't seem fair. 

@Andrea Hauserman Technically, property management fees are included in calculating NOI.

I actually borrowed $53,700 which included my $1,000 closing cost and 5pt loan origination fee.

Only really need one deal some require more. 3.5% origination fee, 9 to 12 points also depends on credit.