New To Investing - Looking for Advice

[Ethen Armstrong]

Ok, so I started listening to BiggerPockets totally on accident while driving to work one day around December 2019. Got hooked and since then I have listened to about 200 of the podcasts, I have a property under contract with no of my own money, and am in the process of forming a partnership with my financing partner.

We wanted to be a bit more prepared with the documentation and strategy for the partnership, but we had this deal drop in our lap. Got a 4 bedroom 2 bath from an estate sale for $13k, definitely needs fixed up but we knew that going in. It also comes with another parcel of 5k sqft, which we plan on building a garage with another unit above it. Currently the property is a single family, but it is already zoned as a 1-4unit.

Anyways, looking for any kind of advice I can get from my friends here at BP. Especially about the formation of partnerships and things we need to do asap since we kinda just jumped right in.