I actually partnered with a GC on this one and traded equity for them bringing some funds to the table but mostly bringing project in on time and on budget.

Use a site like Propwire to find an off market home in your targetted area, if you feel inexperienced about the renovation talk to friends, coworkers, to find contractors that are trustworthy (key part) to partner with to make the fixes needed. 

You can also try Expired/Cancelled listings from the past, partner with a Real Estate agent to get access to these.

One last tip I've heard from flippers is to try to find an experienced flipper/investor that is willing to partner up with you on the deal and use their experience to get the hard money so you can get a lower interest rate so that doesn't eat more into your margin.

I have some General Contractors I know in the area I partner with to help new investors get financing and flip houses.

Thought I'd give an update.I was second-guessing myself so I continued to visit additional projects/referrals and uncovered some dirt on the negative reviewer -- an investor who had since partnered with the sub and stood to gain!

They partner with Thread bank (a small bank in Tennessee) now.

Me and my partner did this in Sacramento and I have helped several others do it here in San Diego.

@Lucas Hunt50/50 is not uncommon - but also partners breaking up is also highly likely so what I would recommend is in the company operating agreement or in some type of agreement make sure you went through all the what ifs that could happen and how they would be resolvedIt’s a lot better to resolve them now versus when their is a dispute

Is it a violation of forum rules to discuss the possibility of partnering up with like-minded property owners to form a privately owned property management company?