The partner with good credit secures financing and handles financial management, while the rehab expert oversees renovation and project execution.

His financial statements showed a 40% annual cash on cash return.4.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

While the interest rate might be higher, you eliminate the risk of needing to refinance or sell later, making it a safer option if your goal is to hold the property long-term without any financial uncertainty.If maximizing cash flow now is a priority and you're comfortable managing the future refinancing risk, owner financing with a balloon could be the better choice.

These lenders are more flexible, especially if the property has equity and your credit and financial situation are solid.Here’s what you can expect: LTV (Loan-to-Value): The lender will typically assess the property’s current value and lend a percentage of that, often around 65-75% LTV for cash-out refinances.

**Credit Unions or Local Banks**: Smaller financial institutions like credit unions or regional banks might be more open to taking a second position, especially if you have a good relationship with them.3.

Where do I start looking for financial advisors?

Lot's of people work from home and the need for a financial district and commuting to the city is now a thing of the past for most. 

None of these are recommendations since you'd have to talk with your financial advisor about how to approach each of these since they're nuanced but it's a starting point.

My ultimate goal is to build a real estate portfolio that provides financial freedom, something I can manage passively on the side until it eventually surpasses my 9-to-5 income.Thanks everyone!