A good friend and I are looking to begin a partnership and invest in our first buy-n-hold rental property this year.

After you buy a stock your actions don't matter anymore and it's just playing wait-n-see, in my opinion.

But - by this time, I think you have enough credibility to start attracting "Private Money" or people who want to earn a nice return on their investment by having you flip or buy-n-hold properties.

If you can get FHA funding, the low down will keep most of the money n your pocket or he value add.

But granite is nicer and I am interested in the ice quartz countertops they keep in stock at Floor n Decor for $500 a 10 ft slab.

I generally assume a Line is better for flips, a loan better for buy-n-hold.

Here is a duplex that has the potential to break-even, if not net a little cash, from day 1: http://www.redfin.com/CA/Los-Angeles/104-N-Harper-Ave-90048/home/7093197My question to those more experience is, say I wanted to approach my investor friend with this property, what kinds of deals could we structure such that he'd be willing to invest in acquiring the property, we both acquire interest in the property, and we each obtain some sort of gain in the long run.

All N/A.

Not sure about Private Foundation in this case but a Charitable N/P could work if completely arms length.

A regular mom-n-pop LL (I think) would toss the letter right away without even finishing it....