No matter how much appreciation you see you're limited to purchase price for 6-12mo (12 more common) know as seasoning.

As others have said, this provision is even broader because it also makes the Owner responsible for injuries to the PM's employees.You should have an experienced attorney review in conjunction with your insurance policy to determine the real scope of additional risk you are taking, and what portion, if any, might be uninsured.

Splits 70/30 very common for experienced operators and I see clubs / newbies going 80/20 or 75/25 to just get some experience going and attract investors in w/higher potential returns for the limited partner. 

It seems as though the most common consists of 12% interest and 3-5 points.

Additionally, there’s quite a few factors that can impact pricing there: I’ve seen out of area/uneducated investors buy properties for 50% more than they should because they didnt do their homework and find out the flood zone will screw them now and forever.

His rent would only be the cost of PITI, so this would not be generating income, yet it would provide additional write offs. 

Once I feel confident on the gnarly stuff (which often comes after talking through the details with the other pro in the office, and doing additional research to substantiate my work), I move on to the less complex pieces. 

The PM maintains a list of vendors who they vet and must ensure the vendors are compliant with their operating standards such as having a Certificate of Insurance naming the PM as an additional insured, receive invoices from said vendors, pay vendors, checks vendor work (in some cases) and ensure the invoice is appropriately accounted for in the asset/owners account.  

Business brokerage has more in common with commercial real estate sales where you need to get a commission agreement SIGNED before you send the referral or execute any type of contract. 

Invest in a receipt book or create a receipt that you can send electronically.In addition, check the landlord-tenant laws for your jurisdiction.