We do have an exit strategy and properties at $200k are flying off the shelf right now anyhow.

It's a means to an end of achieving my lifestyle goal: to start more tech companies at my own pace, work with my friends, be able to have maximum flexibility and freedom, and essentially have an infinite financial runway for the quality of life that I want.That being said, while I really appreciate some of the advice on this thread about getting my hands dirty and starting small to learn the ropes, I'm not sure that's the best approach for me.

It is infinitely preferable to strike a deal using cash for keys.Suppose that you find yourself in a fortunate situation where you’ve got no tenants.

I'd say 1/3 for your partner because they are only contributing their signature so their return on capital is infinite because they have no cash tied up.

In the scenario above Mike's $300/mo cash flow cost him nothing for an infinite return on investment!  

The line item in my budget is for standard off the shelf counter-tops my handyman installs from Lowes.  

While it is nice to have infinite cap rate, not many deals like that are available.I've hit the limit of properties that I can cash-out refi conventionally, fyi.

infinite leverage as long as you aren't getting killed too bad on cash flow.

It works for me as I have no cash in to it and it does cash flow; some argue this is an infinite cash-on-cash return.  

However, you have NOTHING investing into the deal, so your cash-on-cash return is infinite.