Options: Income property with private investor structure.

[Jonny Bones]

I am new to the real estate game in regards to rentals. I have experience working with a trusted private investor on a different project, but I was wondering some options on how to structure a deal with them on an income property.

The houses I'm looking at are between 50-80k. Would it make sense to use all of the private investors cash to buy the property, then refinance it, and go from there? Or, what are some options on how to pay him back, and pay myself as well?

Like I said, I'm new to this, and I'm doing my due diligence so I can start off on the right foot.

Thanks everyone.