If you pay the GC his or her regular invoiced price for labor, materials and overhead, then the GC's equity share should be zero because the GC is receiving full pay in exchange for its service.  

My opinion is this (formed from personal experience investing in just about every way possible - house flips, wholesaling, short term rentals, long term rentals, new construction, NN commercial, NNN commercial)The most passive way to invest in real estate is buying a NNN property and outsourcing the administrative work (invoicing the tenant, paying the tax bill, etc).

SMEED did not provide intake forms or ask us about our current situation or timeline or even look at our taxes before sending us an invoice for the 2020 taxes they were going to do.

For example, residential rental property is typically depreciated over 27.5 years.Keep thorough records of all expenses related to your rental property, including receipts and invoices for furnishing, repairs, and renovations.

Have them perform specific tasks and issue invoices that the LLC would pay.

Here's the lowdown:Time Logs and Calendars: Keep a record of your work hours in the real property game, it'll come in handy in the unlikely event of an audit.Contracts and Invoices: Hold onto those contracts and invoices like they're gold.

More often than not, a receipt or invoice will show the property address. 

Just ask for the invoice from the repair company, assuming you are requiring them to use a licensed and insured contractor.

Given that the "buyer" entered into a contract that he knew he could not perform to, there seems to be a viable claim for fraud.The attorney is going to invoice for his time.  

But for Lender Purposes, they have to qualify you on the basis of what Income they can verify via bank deposits, Paid Invoices, etc.