This could range based on how much risk and work you're taking on versus their financial input.The key is to be clear and transparent about expectations, like how profits will be split and who is responsible for what.

Some resources I've been using to educate myself so far are:-The Bigger Pockets podcast: I am on episode 11 of it on Spotify, it has been a great resource so far, touching upon many key parts of real estate investment. 

Hello @Jay Moore Renting out a room can be an excellent way to bring in some extra money, but I’ve found that there are a few key steps you’ll want to follow to make the process smooth and successful. 1.

One of the keys I've found is focusing on neighborhoods that are on the upswing—places with signs of revitalization where you can still get affordable properties.In Memphis, I'd imagine a similar strategy would work.

Financing will be key, and choosing the right mortgage is crucial, an FHA loan or something similar could be a good fit.

Here are a few key things to keep in mind when you’re hiring:Experience and Local Knowledge:You want someone who not only knows the ins and outs of managing properties but also has deep knowledge of your local market.

Key takeaways include being flexible and open-minded, using house hacking to build wealth, leveraging previous profits and equity wisely, seeing potential in properties with deferred maintenance, and patience and compounding efforts.

A key thing is what happens if the market stays flat or dips slightly over the next few years.

Building strong relationships with lenders is key working with local banks or credit unions that understand the market can give you an edge.

The key to successful investing is to not stop.