If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan. 

We use a combination of HML and our private investor network.

If you close with a conventional loan, it will need to be in your personal name.

However, if the loan is assumable, that could also be very attractive to a potential buyer and could end up driving what they pay you higher. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

If they won't let you build on it, explore doing a lot tie agreement so that you can combine the parcels and when you go to resell it, you can ask for a higher price point based on the large lot.

I was also on the construction loans..

Hey Jack, There are two types of loans investors use in their BRRRR strategy. 1.

Business loans typically won't let you purchase a property if you read the fine print.

@Adam Newman yeah, not understanding your statements, "I have $50k plus about 7k in the bank" and "take out a loan and go in with 20% from the start?".