Depending on their focus, RELPs can generate an annual cash flow from rents or loan interest for investors. Usually, though, the payoff comes from selling the appreciated properties, usually in the RELP's later years. Ultimately, all profits are shared between the GP and the LP — while it varies a lot, 30% (GP) and 70% (LPs) is a typical split. In many RELPs, the limited partners must receive a specified minimum return on their investments before the GP shares in any of the profits. GPs often get a bonus if the properties register a particularly large gain. RELP profits are distributed to the partners based on their ownership percentage. The benefits of RELPs