CA really cleaned up the fractional note business from my days of doing it in the 80s..

I have questions about their business acumen though.

Hard money is a type of business loan for non-owner occupying investors.

I'd like to meet the property management company and the business people(cleaning and handyman related) so I could paint a better picutre.Thank you for the info.

I have been in the real estate investment business my entire adult life and struggle to get a MF deal done.

Because if you need to live off the cash flow what you're really looking for is a business. 

It's also good to read local business journals and visit the chamber of commerce website. 

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

@Avani PatelFor my flipping business, I prefer to use fewer software programs to streamline things.

Assuming you could take out a couple 100k you would have the buying power to start a cash recycling business (brrring or flipping).