They have perfected putting their head into the sand post cards are tossed, phone calls hung up on. 

You can surely buy cheaper properties and obtain the same debt pay-down, but now you've got 5x the head-ache, so right asset class is more about efficiency when it comes to debt pay-down.Tax shielding is similar concept in that more expensive properties directionally give you more building basis to depreciate, which means less net income to tax.

Would love to speak more on this regarding the market, where I think things are heading, and some deals that might match up with your criteria/goals.Just shot you a friend request!

I always recommend starting with a prequalification letter to get a solid view of your purchasing power before heading out into the real estate market.

You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership? 

Others have hit it on the head.

Nail on the head there.

I wanted to invest where I wanted to live and I am also from Elgin so am constantly headed further nw. 

.: I can't wrap my head around it either, but if I had to guess, they're definitely making some money off those crazy high appraisal fees and credit check fees.

I am not one of fearful and paralyzed folks, I am not afraid of government regulations and laws to the extent that would trap me into a rabbit hole, scared to peek my head out.