Investing in Florida

[Marcel Sunday]

So me and a buddy of mine want to buy a Multi Family property in the Jacksonville area. He's been in the Navy for almost 2 years now due to his VA loan and him learning more about Real Estate he asked me if id be willing to do a JV with him. Im not sure how we would go about getting a property together especially a Multi Family, could someone fill me in on how this would work please. If we decide to go with a Single Family instead due to some qualifications needed for the VA loan what should we look out for? Also Cash flow is what we're looking for. He is looking to put down (15k savings) I am looking to put down about (20k).