I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.

Your initial monthly payments will be very low and then build up as the project gets to the end.

If so, and you can find time to start a side hustle that can generate some income (even if $100), you can rollover your pre-tax IRAs/401k into a self directed 401k.

FlashlightTape measure/Laser measurePaper/Pen/iPadBinocularsReceptacle testerLevelMarbleDroneRespirator/Face Mask/Eye Protection/GlovesAQI testerWater pressure gaugeThermal cameraEndoscope cameraKnife Good list, in addition in my truck; ohm meter, megger, magnehelic, steel ball, air compressor  generator, plus stuff I'm forgetting

You also are still in Los Angeles dealing with bigger numbers, which can generate wealth faster.

I'd be seeking someone to fund the down payment of the deal and I would be responsible for property management/bringing in funds for initial renovations for a profit/split.

What if I told you that you could purchase this property at 20-30% of the initial price, would you take that deal? 

I subscribe to PropStream and Flipster and was wondering if either of these sites you use or you prefer a different program to find distressed properties and generate lead lists?

You might consider hard money for the initial purchase or going with a DSCR type lender if you find something that is more turnkey.Hey!

Over the last year, I've developed a passion for real estate and want to be able to use it to generate income and secure financial freedom in the long run.