Hello, I have been speaking with an investor who would like to partner with me on some future real estate investments. We would like to create a partnership where we are 50/50 partners and he brings the cash and I bri...

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I have come across a few investing academies that help you set up an LLC and pretty much hold your hand in setting up your first arbitrage or Airbnb property.

If you do this correctly you should be able to build between 30-80K in equity and have at least $200/mo cashflow when rented to set aside for vacancies rehab, repeat every year until you get 10.

I currently have $10K set aside for a down payment, but I’m working on building up more for a better cushion.

That said, do your calculations for cashflow include setting aside 15-20% of monthly rent for repairs, CapEx, vacancies, etc, etc?

Wondering if I should even do it myself or hire a lawyer to set this up for me to the tune of $3000 includes titles etc OTD. 

I have a good sized nest egg set aside for these things. 

If you have a solid team and some money set aside it's doable

You should have money set aside for litigation.