Partner on 1st Deal?

[Aron Teran]

I would like to purchase my first investment property early next year. Targeting either a single family or small multifamily to implement the BRRRR strategy. After chatting with a friend (who is also my CPA), he mentioned that he would be interested in doing a deal together. A few questions: 1) Would you recommend/advise against partnering up on my first deal? My friend does not have real estate experience, but his involvement would reduce the amount of cash I would have to bring to the table and/or open the door to more expensive properties/projects. While there certainly is value there, part of me just wants to go through the process on my own. 2) If you recommend partnering up, how do partners typically handle division of labor? I think I would end up working with the contractor during the rehab process and I also would like to personally manage the property to maximize cash flow. I imagine he would handle the accounting/legal side. Does that seem like a reasonable division of responsibilities? Any and all advice is appreciated!