I was wondering if anyone ever tried to make a deal with an owner where they purchase the property for much below the asking price, pay for the rehab and then split profits above a certain sale price?

After going back and forth with price twice we are about $8,000 apart and I am not as comfortable absorbing this difference by my profit.

I found an 8-plex for $250k with $55k profit per year. 

The upside to that way is they have zero debt but also a pension usually, which will be much harder to have for our generation

You can buy a property but all income, expenses and any profit stays within the IRA. 

Even the battery operated thermostats I have generate calls when the batteries go bad.

WHile im supportive of the policy, and knowing who is in the neighborhood, a yearly fee to keep an excel spreadsheet, with a fine, seems to me to be a profit point for the HOA management company.  

Government runs the school system and the government is a business.....The profits from the high tuition benefits the schools, the government, and the banks. 

Planning on partnering with my cousin on a property and since obviously we file separate tax returns, I figure it'll be easier to manage profit sharing through the LLC.Whether or not we buy the actual property through the LLC is to be seen, but based on the bit of research I've done, that is unlikely.

I previously worked for a non-profit developer and the developer's you want to work with will not only be established, but have experience working with various tools and funding sources particular to non-profit organizations.