You may say, but my contract allows me to withdraw in such a situation... but I would answer that no intelligent seller would agree to such an arrangement.

Account ClosedPerhaps an LLC taxed as a partnership with a waterfall allocation and distribution schedule.What exactly is your partner bringing to the table if you're providing 100% of the initial capitalization and arranging financing?

In terms of a financial arrangement between us, what do you think is a fair percentage split of the profits?

Of course the more complex you structure the partnership arrangement the greater the potential for additional governance, administrative and reporting complexities and issues (tax and non-tax). 3) Having said that, I would think that if you plan to go beyond very basic agreement construction you might want to seek professional input/advice.

Yet, its tough to make a living and keep the lights on charging only 1% on loan amounts from 100-200K in a such a volatile market.What I've done with clients in the past ins establish mutually beneficial arrangements with deal flow for a discount in points.

If it's a straight rental that is a cleaner arrangement. 

Again, I'm not sure why your manager isn't just doing this for you...there must be part of the arrangement that I'm not understanding.Listing "internally" is fantastic!

Thing is, they won’t fund a larger loan with the low appraisal.If FHA doesn’t allow this, can this type of arrangement be made with seller on the side with seller in form of a promissory note or something else?

Is there anywhere I can go to look sample contracts of how people make these types of arrangements, what types of things need to be negotiated etc.

Personal use also includes time spent at your place by another party under a reciprocal sharing arrangement (“I use your place in exchange for you using my place”) whether the other party pays market rent or not.Days devoted principally to repairs and maintenance are considered days of vacancy and are disregarded, even if family members are present while you work away.The tax drillVacation homes in this category are treated as personal residences for federal income tax purposes.