You can't just partner per se unless you have a contract to have an interest in the property which is "control", the owner might deed 25% interest to you, but that has loan issues, options in Tx are limited to 180 days, contracts for installments are not allowed, so your degree of participation, what you can do is limited by your marketing time.Doing these deals is working backwards, the end sale, the construction work, catching up the loan, entering into agreements, we need to map it out first as time is money and the bank only has so much time as well. :)

Sounds like a use of funds problem, I suggest you talk to your bank, then other banks.It's all about your experience, ability to perform, getting deals/jobs done on time and on budget.Look for local private money, many Realtors will get involved, they may not be lenders per se but may do a deal.

As Jon Holdman said ordinary income subject AND SE Tax if applicable.Amount in relation has nothing to do with it.

I'm looking for feedback on general contractors in the Milwaukee/SE Wisc area.

Rental prices in my rental area of SE Portland are up 9% year over year.

There is an apartment complex where I live (SE TN) that has always been appealing to me.

Typically 20 - 30 SE Michigan investors turn out for conversation and camaraderie which also plants the seeds for doing deals together.

I'm currently an operational strategist for a large financial services company in SE PA and am planning to begin investing in real estate in the near future.I'm a big fan of "transformation" having extensively renovated my own homes over the years.

@Brian Scott  I would assume you bought these as "cash flow rentals"  and its not per se home you lived in and rented out when you moved etc. 

I am little surprised at the rents the Triplex is pulling.I bought a Duplex in SE Houston back in September, I had to put 25% down.