Most lenders have a limit to how many draws you can take from your rehab budget and often it will cost a small fee (you can include that in your budget) so you'll want to confirm if/ what their limit is should you expect to be taking a lot of draws or complete the rehab in smaller increments.

To do short-term rental, you need locational amenities and house amenities to win and that price point won't get there.Because with an STR I can write off  expenses against my W-2 income ( I expect a loss the first year) if it's an average 7 day stay or less.

Wasn't expecting this to come up. 

Let the seller’s agent know that you expect the money returned to you 30 days after the judgement of confirmation of sale is entered. 

I definitely thought they would cut rates but that's more than expected.

One of my main challenges early on was learning to have no expectations and learning to help set and manage expectations with clients.

Once complete, I expect this 4 family to gross $7K monthly, with a net cash flow of $3K and have $250K in equity built in.

I would expect the one in his personal name shows on his credit report as a mortgage and the lender will factor it in his DTI.

You should first sit down and go over your expectations for the partnership and the roles and time allotted for those.The purchase and management is pretty easy - he handles the purchase and you handle the management.

Many investors in similar positions begin by building a network and learning the basics, such as understanding financing options, which can often be more flexible and approachable than people expect, especially for those just starting out.One suggestion is to set clear financial and personal goals so that you know what you’re working toward with each investment.