personally I only do buy and hold, flips right now are a little too risky for my taste.  

Also, would suggest attending some local REIA meetings in your immediate area and get a taste of what the market is in pricing etc. and suggest the same for VA & NYS.Let me know if you have any questions.Regards,Joe Scorese

its a simple partnership   just negotiate it nothing is standard... however who ever puts up the most money and signs on the loan would want or should want the lions share of that deal.you if you sign and PG  then you can split profit pro rata and you can take a taste for finding and running the deal as well.. what ever works for you guys.

It's turning into an ugly mess and left a sour taste in his mouth.  

Once you've tasted some success it'll motivate you to keep going.

Thanks everyone, especially all you who have much better taste than myself.

It becomes difficult to find partners on section 8 deals when it seems most of the investor community has a bad taste in their mouth from it out here in South Jersey. 

What will help you most is your unique knowledge of your area, your own personal taste and expertise, and your willingness to seek out help when you need it (again, Google will come in handy here).Laurie has known Mike Woods and his family for many years, having worked for his real estate company in the past.

(NOI/12 = cash flow)CoC only compares your NOI and Down payment (NOI/DP) and you can't see or taste it anywhere.For example,  I took > $40k NOI per year but did a 1031 of $95k as the deposit. 

So I don't want to leave with a bad taste in my mouth.