@Jonathan Taylor Smith - this is one of the things that confuses me- how do you make a profit if the seller owes more than it’s worth?

HOWEVER; they cannot obtain financing (it's a non profit and they don't have ability right now to finance) They want me to keep in my name and they will make payments for the next year, and do all maintenance, etc.

It has a $16.90 Cash on Cash return and could increase my cash flow $373 on the conservative side.My question is, how do I split the profits with a private lender?

The contract states, "Seller _________ agrees to pay a consultation fee in the amount of 50% of the profit to ___(me I know)_ for the sale of this property."

I would then take my profits from the construction business and put them back into my rental business.I have a lot of plans, plans almost always change, and I’ve yet to do a single deal.

Should I simply email them or is there an official template that I should follow?

I told him that if any one property can't be profitable, then you could never profit from having multiple unprofitable properties. 

Such plans are simply a different configuration to allow that underlying IRA to be invested differently, but all other characteristics of the IRA remain the same.A LLC is not required with any IRA to make it self-directed. 

The majority of areas nearby where I live are that way as appreciation has been going up very quickly and the rent will take some time to catch up.There's 3 ways you profit off a property: cashflow from rent, equity paydown of a mortgage and appreciation.

Is it simply just the contract?