Cash FlowThis likely aligns most with long term or mid term rentals. 

Moreover, if your asking price doesn't align with the property's financials, it can stall the selling process.

Good communication will build trust and can lead to more investment down the line.When it comes to sharing how it worked for others, people often highlight the importance of alignment in investment goals and risk tolerance.

Ultimately, it depends on your specific needs and goals, but it's worth exploring to see if it aligns with your workflow!

It forces users to manually split mortgage payments into various components every month, has a painful process to start new mortgages and close out existing ones, and generally has a miserable process for handling everything around loans and amortization. 

It's a path that aligns with my skills and circumstances, but I could use some advice on how to get started effectively.If you were in my position, where would you begin?

I think the easiest way to find the right partner is to find one that you are aligned with as far as investing in rental properties.The other option would be to keep flipping properties until you get enough money for a down payment on a rental.Another option would be to look for a BRRRR (buy, rehab, rent, refi, repeat) because then your friend could still bring money to the table and you could pay them back their portion plus interest and then you keep the rental property.What area of Chicago did you do your flip in?

I think you have little to no clue what your talking about, that there is at least some component level of jealousy for this guy @James Wise who is blowing up all over YouTube and BP that everyone is talking about, and you watched a deal episode with the blinders of jealousy on and found some points that upset you and set out on a mission to find some kind of flaw with James WIse to yell from the Mt tops.

As I explained above there are two contribution components, the profit sharing component is based on the percentage, but not the elective deferral.

Once you have a plan, choose a market that aligns with your goals.