-Allows you to pull equity from the property to fund the rehab without stretching your finances.If you'd like, I can walk you through the details and answer any questions to see if it makes sense for your situation.

.- Legal and Tax Implications: This strategy involves intricate legal and tax details.

Quote from @Olga Daisel: @Randall AlanI agree with Randall on getting more details, $7K gross a unit btw is a great gross income.

Without going into too many details about the property, I'm interested in connecting with people who deal with off market listings and investors in this geographic area. 

Full Disclosure is Required for Non-Accredited InvestorsIf any non-accredited investors participate in your deal, you must provide them with detailed disclosure documents.The SEC states:“[The company] must give any non-accredited investors disclosure documents that generally contain the same type of information as provided in registered offerings.”This is where having a Private Placement Memorandum (PPM) and Subscription Agreement becomes absolutely necessary.A PPM outlines:✅ The risks of the investment✅ The structure of the deal✅ The terms and conditions✅ The use of fundsA Subscription Agreement ensures:✅ Investors acknowledge they understand the risks✅ They meet SEC requirements✅ They legally commit their capital🚨 Not providing these documents could leave you vulnerable to investor lawsuits.4.

Imagine one partner relaying outdated or inaccurate details to a vendor or buyer.

@Jemini LeckieIf investing locally is not in the cards I would do some research and pin point a market that fits what you are looking for and then reach out in the forums for that specific market and ask more detailed questions.

Reports must include details of beneficial owners, such as names, birthdates, addresses, and ID documents.

Have every detail spelled out, use an escrow account and daily updates verifying all parties are executing their responsibilities.

Detailed answer:https://www.biggerpockets.com/forums/51/topics/1136752-expla...