I have one long term partnership that we share capital but I still do all the work ( rain maker) he is a cpa so he does do the books and tax return though :)  WE built one subdivision together were he put in 500k and I made him 1.2 mil in 18 months net profit so that was not bad.

Very few allow any subordinate financing below their note but I do have ONE that allows 90% CLTV (they loan 75% and allow you to secure a 15% seller carryback as long as you come in with 10%). 

It doesn't take long to learn how to spot a good deal.6.

I’d think long and hard about this and possibly set up financial parameters for who is responsible.

Investors think in numbers, exit strategies, and long-term plays, while homebuyers think in emotion and monthly payments.What are some of the biggest differences you’ve noticed when working with or transitioning into real estate investing?

I would have asked you what your long-term goal is but you have already thought about it.

For a long term investor:Would it make sense if you could buy the home at a steep discount and then let the owner stay rent free for a specific period of time?

Price fair, don't get greedy, play the long game.

It's now converted into a cash-flow positive long-term rental.

It doesn't take long to learn how to spot a good deal.6.