I have an amortization table built into my Excel sheet which is awesome for seeing 10 yrs out mortgage paydown. 

Partners have to understand what each party brings to the table and what it is worth. 

You can clearly see most landlords are on top of it and some, like myself, are leaving money on the table. 

That gives us what we need for instance: Say the house is presently worth $120,000If the house sold for $100,000 in August 2013 and the interest rate at the time was 5% with 3.5% downPurchase $100,000Down 3.5% - $3,500Loan Amount $96,500Interest 5%Put those into a mortgage calculator and the payment is about $518 a month WithOut taxes or mortgage insuranceLook at the amortization table and after 5 years of payments the principal balance is about $88,615So, present value (PV) = $120,00Amount owing = $88,615Assumed Equity = $31,385Build a spreadsheet so you can change the variables.

I would also say network with some lenders, or loan brokers to understand what needs to come to the table for your ideal situation to get the pre-approval and funding. 

So if you show up to the closing table and the seller finds out you are not the buyer, instead you're making a fee, it may not go well. 

Is this someone worth partnering up with since essentially the only thing he brings to the table is the funding part?

I understand and greatly appreciate the expertise that they bring to the table, and without question are the two most important members of my team.I always tell first time developers that unless they have project in mind right away, look for a group, or team that they can join in there interim to learn something from.

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I'd offer, in Joe's example, 2.4% of the strike or PP as a seller concession to reduce their costs they have to bring to the table when they exercise.