But I just want to start the conversation so we can negotiate the terms so it's beneficial for both parties.

I have had many conversations with her friends about the differences in our markets and  have recognized for a while now that there may be some mutually beneficial opportunities to work with Canadian investor specifically. 

@Brian Rocha  Hi Brian---I just sent to you a private message.

with private and HML  the deal is done all at once.. 

Have a frank conversation with the property manager. 

I normally advise that people start a business as a sole propeitor in their first year.If it is successful and something you want to continue, then have a conversation regarding entities.

The "private money", btw, is supposed to be Arnold's own money from one of his three "private equity firms."

I have found this much easier than being a private lender. 

You can also use the search feature (magnifying glass in upper-right) to look at previous conversations.

Brandon Turner talked about it in his 2nd book, The book on real estate investing, he got a private money lender for one of his first deals from someone he went to church with.