He knows local investors to bring me bids now that property is cleaned out and cleaned up.

Partnerships are gold too; I’ve seen deals where one person brings the money, the other handles the work, and they split the profits.Company hacking is a bit more advanced—getting added to an LLC that owns the property, improving it, then refinancing to pay the seller out—but it can be powerful if you and the seller trust each other.

Renting it as a standard unit might bring in $2,500/month.

I always advise my investors to bring a contractor with them so they can receive accurate numbers for rehab.

He'll bring $50k and I'll bring $5k. 

If you’re open to it, bringing in investors with clear terms could help you leverage your strong track record and deal flow to expand faster.

Hey Joanne, you’re definitely onto something with room rentals.. it can be an excellent strategy for offsetting a hefty mortgage and, in some cases, bringing in higher total rent than a single lease.

Bringing in a partner, second mortgages, line of credit are sources of additional funding to close. 

The other property is a cottage built in the mid 70s and requires significant electrical/plumbing work to bring up to code.

We bring/offer the mortgage loan investment to the group & handle all the servicing, including chasing the monthly payment/insurance/taxes, foreclosure, etc.