Once that is identified, can you afford to achieve it and does it meet your expected return?

My wife and I partnered with a family member. We are working out how to fairly distribute the cash flow so everyone is compensated. We have never partnered before and have been talking about this with our new partner ...

They will tell you what else they want.  3 years tax returns.  

Yep, raise some money for them, find them a deal, lend them money to fund a deposit or conduct their diligence…you contributed to the deal and in return they will give you a CO-GP title. 

You will also get helpful advice on calculating the potential return on investment (ROI).

People are either just curious or are looking for some crazy unicorn where you are showing a 25% return.

If so, what were your initial investment, return, and overall thoughts on the experience?

My program started in March of 2020 and by June 2020 I was closing on my first BRRRR deal out of state with infinity returns. 

A 7% guaranteed return on new debt is a lot different than a 3.5% guaranteed return on my existing debt.

Just like anything in life.Once you have made the decision, this is what you want to do.You need to have tunnel vision on your goal.If your saving up for a down payment, work an extra job, side hustle, reduce expenses, whatever.Finding cash flowing properties is not hard to come by, your first property does not need to be perfect or give you the absolute best return; you need to acquire it as soon as possible to start the compounding effect.Hope that helps :) Lets get to work