My partner/rock in roll sista @Colette Chase and I bought two properties this year and wondering how to best setup our company structure for best liability protection, tax benefits, etc.  

But a "D" part of Little Rock is much worse than a "D" part of San Diego. 

The model - The relationship between an investor and a syndicator as it relates to how income and profits are split is extremely important. 

I'm curious how you guys would structure the splitting of profits on this specifically, and in general on other scenarios as well.How do you guys structure your partnerships if one person finds the deal, organizes rehab, and the other partner only puts up a portion of the cash?

IF the rent is split evenly does that mean the sub renter can put all of his things in the house next to things with the other renter?

Some neighborhoods are built on sand, clay, or rock, but sometimes over or around old landfills. 

I would love to find a partner in my area that would be willing to have me do the footwork/they provide financing, and we split the deal profits 50/50.

They rock during the summers and are way slower over the winter months. 

I've seen straight %% split, preferred return with waterfall, preferred return without a waterfall, return of capital, return on capital, and every other mix and match.Every deal has an operating agreement that should spell out all the ways the money is distributed, what constitutes return on capital vs return off capital, splits between sponsors and investors, etc.

I have my eye on my second investment property in Little Rock, Arkansas.