The inventory in the MLS is fairly dry for this type of property.

If so, have they ran any comps to give you an idea of fair market value for like-kind properties that have already been updated?

Remember you will have to maintain the license and do continuing education to keep the license active.

I want to be fair - are the percentages inline or too greedy (or to low)?

Proposal: 60/40% (me 40) ownership in all properties in exchange for me bringing all taxes current, maintain grounds and pay all taxes going forward.What items would you include in the purchase agreement/bill of sale?

Typically the premium is fairly inexpensive.Also, the premium for liability is VERY inexpensive, so I would say at least 500k and compare it with 1M.For the umbrella, you'll have to have a minimum of 300k

(to be fair I’m comparing them to a very high bar- the way I manage my own properties.) 

Maintain your standard of living and each raise put entirely into the 401k until you max out.

The property was well maintained...nothing much had to be done at all.

If adding a fee is better, how much is common/fair?