Purchase price: $40,000 Cash invested: $65,000 Purchased this 2 bedroom, 2 bath mobile home on a 2 acre lot with well and septic.

I am trying to find a mentor and have a relationship that I think will work out well.

@Joseph Alfie how well do you know the differences between Class A, B, C & D tenants/neighborhoods/properties?

Well, you just scored! 

With the capital and experience to offer I've seen this work well as a joint venture.

@Josi Colley I was looking to BRRR as well.

CU's are doing really well on rates for HELOC right now.if you can get close to finishing the project w/ a HELOC, this is not a bad play.

If you find something that works well as a short-term rental, but doesn't work well for you as a home, you'll have money but be dissatisfied when you live there.You don't even need it to produce a profit.

We walked through a property that we went into thinking we were not going to like it and we ended up loving it and jumping on it pretty quickly after because the seller was getting other cash offers and the price/location/set-up of the property just fit our situation well. 

A tiered system works well: reward individual performance (e.g., quick work order completion) and team-based success (e.g., overall portfolio stability or income growth).Be cautious when setting pay expectations.