Thanks Michael for your detailed reply here.

I do understand your point of view and I don't want to be banging on the same drum over and over again - however I do have some additional questions for you. (As they say, one of the critical things to success is ASKING :D)

What specifically do you feel is important for an advanced JV entrepreneur - are you referring to skills, knowledge, contacts and/or other things? I'm asking so that I get a better understanding of what to focus on.

What are the types of problems or "headaches" that can occur when putting together the deals - in addition to ensuring you get paid?

I'm not deterred and understand that it will require some work to get the "formula" down. With your suggestion in mind - approaching as a business owner - I actually do have some thoughts along those lines too.

My original question was to get some feedback on people's real life experiences with this type of deal.

Thanks for your input.

Brian