If you can find a house in the highlands where one side would pay most or all of you mortgage you're winning.  

The owner will have to file with the IRS, you will need to issue the 1099's, the interest is so low that the added headache is not worth it.If you need to claim some or all of the deposit for repairs to the unit, the owner still gets to keep the interest since it is their money.

My ideal property is one where some or all of these major systems behind the walls or hidden in utility closets are brand spankin' new, but all the cosmetic stuff (the easy and inexpensive stuff that you can see and adds the most value) is just awful, worn, dirty, dated, cluttered, and smelling of cat pee and cigarette smoke.

For funding your rehab project you could do some or all of the following: use your personal cash reserves, cash out from a refinance, equity access from a HELOC, construction loans (probably not enough value there for a lender), personal lines of credit, credit cards, money from retirement investment accounts, private money, hard money, or if your lucky maybe your PM company will flip the bill and you just pay them back from rent checks.

It's almost one year old but it's a good place to start your research.Regarding how to secure funding.  1st thing you need to do is set up a legal agreement among your friends, laying out the nature of the relationship along with how many $ each person will put up & if one, a couple, or all will be responsible for any loans.  

They are short term loans…if needing long term, look into non QM which also doesn’t need a tax return, and most DSCR do not either…there are several national large companies that will do most or all 50 states, fairly easy to find and a good subject to research.  

Good way to catch up is to listen to some or all of the podcasts as well as review some of the blogs and of course participate.

They say “just have some confidence” or “all you need is a little confidence” as if it’s as easy as taking a pill.

It's not as binary as all brrrr'ing or all traditional route. 

Or, "ALL plumbing fixture stop valves should be quarter turn ball type".