I would recommend that you probably split that profit in the rental of the unit about 90/10 or 90/5/5 assuming you take all of the property management as your responsibility whether or not you hire a property manager or a property management company to be involved in the daily operations and you would manage the manager and keep their monthly reporting that you need.I am assuming you will own the property under your name or a company you own. and/or you control what happens to the property which might be owned by a Partnership company. 

My fiance and I own a rent control property in LA and this is my first time hearing about increasing security deposit to correlate with rents... so I'm strongly recommending that you contact an RE lawyer because RSO has a sh*t ton of rules.

Hi BP,Any Real Estate agent in Plymouth MA,doing Investments in that town?

Some want to be in charge of selecting individual team members and have more control over rehab decisions, prop selection, etc. but want to invest in a market where their capital goes further, so out of state BRRRR is a better choice.

Jeff Parmer - Possibly the most investor-friendly closing attorney in town.

Then get some bleach and a bucket of KILLZ and go to town.

It's not a good feeling to be watching the morning news (I was in town and rehabbing the vacant unit) and seeing your property on the morning news linked to a death (at that point the news reported it as a murder). 

If you know your town/city and actively analyze the competition, then you are in a far better position to know what the market rate is, in my opinion.

Let me know if you are in town and want to come to some SJREIA events to meet other investors.

@Carmen ChowCarmen my bank is in a little tiny Texas town and they only work with local investors.