@Gabriel HarperI think by having the traditional percentage rental income is having “skin in the game”.

@Troy Sorrento  You will need to get used to tons of people acting very interested during initial conversation and showing, only to have low percentage of people actually following thru with applications. 

However, following three consecutive monthly double-digit percentage gains in a row, housing starts are now just shy of a full V-shaped recovery (sitting only 4.5% below February levels).

What would be a fair percentage of the deal?

Percentages lie...and they don't tell the true story. 

Absolutely, I’m happy to bring down the percentage as long as it’s safe.

No contractor in their right mind would take a percentage of the "net" profit .

The percentage likely has dropped, and I think it's hard to find deals in the actual Twin cities that will cashflow. 

I'd definitely work a deal, where perhaps you're paying for cost only (material/what his subs are charging him - not an additional % of what he may be taking on) and perhaps he's giving up a percentage of what he'd typically charge....Super curious to hear the end structure! 

Over the next few years I would assume we'll see similar percentages that we've seen in previous cycles.