Seems perfectly doable and after looking around in south FL I have gathered most people are already into it.The simplest house hacking method is to buy a property with 2-4 units, live in one and rent the others.Up to 4 units is still considered a non-commercial property.This let's you put down 20% on conventional loans and 3.5% on FHA loans.That's the golden ticket for house hacking.Buy a 4 unit using 3.5% down, live in one (cheapest one), rent the other 3.

He says that the simplest way to do this would be to make sure the partnership is well-documented, and then just have my partner pay out my funds in a 1099 once the sale completes.

A great chef may publish a recipe, but that chef always leaves out a key ingredient or two.You are going to pay for the training either way: either through mistakes you make trying to discover those missing ingredients on your own through a series of flops, or paying a pro to share those secret ingredients with you. 

Simplest is that the lender is a friend or family.

There's three major ingredients to a transaction....a qualified buyer, a house/real estate, cash or access to a loan.

One can be a part of a deal without any of their own cash,,,, if they have an abundance of the other ingredients; knowledge, hard work, desire to succeed, a big network...

In wholesaling, you are selling a deal...people buy the deal not the real estate.Get this deal done since it will be your first with the simplest exit strategy. 

We're near Whole Foods""I just use Lyft to get to work""It's a lot quieter""I love the BBQ & Beer garden""Parking is easy"It is a place that has and, I believe, will continue to be on the up and up.Every quote above is the ingredient for tech hipsters and some high prices.Now, if your buddy's place isn't dated / could collapse during the next little earthquake / on landfill, then I would certainly consider it!

That allows you to have a key ingredient to finding a quality renter - patience!  

Hello everyone,I have done a little research on out of state investing, turnkey seems to be the easiest and simplest option.