Quote from @Adam Bartomeo:Adam - Thank you for the thoughtful response and my follow up would be to ask when you would consider a property "maxed out".

Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.

If I remember right they ended up having a hearing at the board of supervisors and I watched it online. 

I'm perusing through some online listings for multifamily in my area.

I appreciate the response, Roger.

Hey James, Thank you for your response.

Half the time they may not even realize they are acting as the GC and have that added responsibility or what that entails.

Hi @Joy McQueary - you can find a breakdown of rental rate increases by state online, and here's where to find a list of the hottest multi-family markets.

A lot of you have seen my responses for different land investing programs & have reached out with questions.

There are a multitude of roles, stages, and responsibilities for each and every unique project.