You will usually not get much of the deal generally just a small slice as the larger JV partner is doing most of the work to entitle the land and develop it.  

So I see that as he wants a blind offer so he is basically looking for an out of state investor (ie: California all cash buyer)  hungry to get a slice of the St.

AccountsFirst Advantage Bank,  Consumer's Credit Union, Netspend, Mango Cards, Insight Cards, etc.

Long story short, this doesn't look like a deal no matter which way you slice it.

Get trained up and educated on that asset investment type and then try to get a small slice of equity on some of their deals.

@Brian Burke in your experience have you ever seen an investing company acquire a PM company, and do you think this would be more viable than giving them a slice of the equity?

Also, college grads consistently out-earn their peers no matter what way you slice the data.This doesn't mean one gets into $50-100K student debt.

So I ran the numbers on the place we are renting through the Rehab 70% rule and BRRRR calculators (using my free trials) and every which way I sliced it, I would have to propose that the Owners sell it to us barely more than what I believe they bought it for in the mid-2000s.

That situation is MUCH MORE WORK so only a tiny slice for yourself sounds reasonable.

I myself consider this way of obtaining real estate a complete waste of time but then again there are other investors who will swear by this type of investing as being the greatest thing since sliced bread.