In a “nutshell”What can work - partnerships where each person brings a different necessary asset (knowledge, experience, time, capital, credit) to the table, the responsibilities, rewards, and expectations are clearly spelled out, legal documents are created to head off disagreements, and the parties are compatible.What doesn’t work - partnerships formed by two or more inexperienced people looking for “comfort” rather than going it alone, and anything other than the above. 

If you went to the roulette table and they paid 3-1 for red vs black vs 2-1 then that would be awesome but if it paid 1.5-1 that would stink.

An example of this is you have a very traditional dining table set paired with very contemporary bar stools.

I also have another unique option where I could sell off portions of my equity at $50 increments with a 3% fee - but I would also proportionally lose any cash flow and appreciation - so I'm not fully convinced that's a good option - although I understand I can try to use the equity sold to get higher returns, but I'd need to at minimum, cover the cash flow returns I've lost through the sale.

My job is to get it to the closing table which can be difficult, and you don't know which way it is going to go until you are already in it. 

Learn before you earn.Again, I am not trying to be “mean”, just keep in mind that you don’t know everything the seller is going through…from your side of the table this may look like an “easy deal” or a no brainer good deal the seller should jump on…seldom is this true.You probably won’t ever know what the seller is dealing with (could be multiple sellers, family issues, health problems with a loved one, and a hundred other things).

For the estimating rehab costs book, there is a table in section 4 from p.201-p.216.

We could do a traditional long term rental, but I’m curious if there’s a market for 30 day rentals in general (also asking around Austin), and if it could be more profitable potentially than a trad LTR.It’s a very unique property.

I've been buying pre-foreclosures and at the auction (Trustee's Sales and Sheriff's Sales) since 2002 in Arizona, Illinois and Wisconsin.Each state has a unique set of rules for how the process works (judicial and non-judicial states).

And it's written under the pseudonym of Sean Cook by Paul Kaseburg.Paul’s sat on both sides of the table on over $2 billion of real estate deals.