If you are a semi experienced flipper and you are just looking for way to get more down payment money then more than 50% of the profit is very expensive way to get that money.

My wife and I are looking to begin our real estate venture with this property as we purchased at a great deal (please see below for break down): Property Type: Cape Cod, 3 beds, 1 bath, semi-finished basement, 50x100 lot.

Asking to piggy back on someone else is asking for a free lunch and actually semi unethical.

Jeff Kehl The property was built in 1968, the hot water boiler appears to be original to the building, the piping appears to be in satisfactory condition 3 of the 8 units are semi updated, not a complete updateI believe rents could be raised, but not much, 20-40/doorThe building sits in a highly desirable school district, with a couple small apartments on the same street and some four plexes also, all rent out fairly fast, no vacancies currently.

@Russ Scheider  golf course communities can go through this..La Quinta CC in So CAL had their club house demolished in an earthquake.. well it was still standing but it needed to come down..  25 million to replace.. 400 members. you can do the math.when economies have issues as well CC can be a really dicey thing.I lived at Silverado CC In the Napa Valley for a decade ( owners of Halls Chop house there in Charleston used to be the GM there).. but the course was not owned by us members so we were never subject to any capital improvement fees.. but then again we did not have a lot of say.. and the course was semi private with resort guests.. ( which I liked I met all sorts of cool people from all over the world that came and stayed there etc etc)

Despite not having any previous REI experience I have managed to become semi-obsessed with REI podcasts, audiobooks, and blogs (many of which belonging to or found through BP).

He has a YouTube channel and if you look for his "property of the week" videos he gives expense breakdowns that are conservative. btw, rents for semi detached (detached are too expensive now), SFHs that are nicely renovated (that part's key!) 

Learning becomes more important and it should be done for the rest of your life on a semi- instructional basis and avoid gurus whenever you can.  

Basically, I'm just a young and hungry student for turning real estate investments in to my vessel for semi passive income.

The people here are unlike anywhere se. My