Rural 3/1 at 41k, my buyer list was four names, my partner's was around 900

The 6k split is the part I'd have fought about. You ate 3k of a seller problem out of your side of a fee you'd already agreed to. Did your JV agreement say anything about who absorbs a price reduction, or did you two work it out on the phone that afternoon? Every one of my deals in progress has some version of this waiting in it and I've never once seen it in writing beforehand.

What does mail cost you out there per deal? I've been avoiding rural because I assumed the list sizes were too small to work, but a county with 4,000 people and low price points sounds like a list I could actually finish.

At 51k with a failed septic no conventional lender is touching that, so your buyer set is cash and hard money only. That's the real constraint on your price, not the comps.

What I'd worry about at deal five, and I say this as someone who found the ceiling fast, is what your partner walks away with. Your partner now knows that county exists and has met the buyer who bought there. Nothing stops him mailing it himself next year. I ended up permanently in the acquisition seat on a similar arrangement and my share never got past 50 because I never built the other half.

5k each on a deal with two visits, eleven days of notary chasing and a septic dig. I do thin margins and even I'd want to know what your hours came to. Not saying it wasn't worth doing, the deal closed and that's more than most, but if the reduction had been 12k instead of 6k you'd have been working for gas money.

Curious who the end buyer was on that. Rural at 51k with a well and septic is a rough rental to manage remotely, and I've watched investors buy those on paper numbers and then discover nobody will drive out to fix a pump for a normal fee.

Three sales in eighteen months is the number that stops me. How many of those does that county produce a year? At some volume the market runs out of you, and then the 50/50 partnership doesn't matter because there's no deal to split.

Reading this backwards, the metro guy's whole contribution was a list and nine days of phone calls, and he made 5k. Is being the dispo half of other people's deals a business people actually run on purpose, or is it always attached to their own acquisition?

The lot is what I'd have bought. Big parcel, cheap basis, and a house you can eventually stop caring about. Different game from yours, I know, you needed the fee this quarter and I'd have needed nothing for nine years.