When an owner can't sell the whole shooting match, this gives them an exit.Accounting wise, the first year you carry your asset at cost, but since fractional interests are less valuable than a majority interest or equal interests after a year you can adjust to the fair market value claiming the percentage ow ownership, in other words, real equity.Even with a minority interest you can take full charge of ownership duties, including the power to sell!

Thank you for valuable advice.

Thank you for taking time out of your valuable day for putting up that valuable information @Linval T.

Definitely valuable to a newbie like myself.

My best suggestion is to ask the friend who gave you the book to teach you everything he knows, maybe even partner up on your first deal to learn the ropes.

Hubby and I are very much do it yourself kind of people, but in some cases we are quite happy to pay a pro for his services.Last Wednesday night I got a text from a tenant, but I was busy teaching a class at church, so I was going to wait until I was done to read it.

-SydniIf you have a plan for direct mail/ cold call/ bandit sign marketing, the most valuable thing you can offer a licensed agent is to share that strategy with them, and if it fits with their own business plan, then you will refer any leads that you cannot personally convert to that Real Estate agent to list on the MLS.So have your marketing laid out. 

Until you develop a great relationship with skilled tradespeople who do good work at a fair price and stay on the job to get it done for you, you will also need to factor in extra time for overseeing the work being done.Once you are at a point when you realize your time and expertise are more valuable placed elsewhere, you may have an AHA!

These "gurus" have no more business teaching wholesaling than they do quantum physics. 

He is now teaching a class on interacting with the police.