If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

We've struggled with Quickbooks for the last several years (and before that I literally had a shoe box with receipts in it).

Quote from @Aj Joshi: @Steven Rosenfeld , I am in the same shoe now as you were 10 months ago!

Put yourself in the shoes of an investor: is the property in a good market?

Hey @Camille Romero - fellow NY'r here that started investing a few years ago, I was in your same shoes when I first started after working in tech/software and having a nice nest egg built up. 

If I were in your shoes, I would set up keyword alerts for the Texas cities you're interested in as well as any other keywords that are relevant to your plans.

In case you haven’t read the previous responses or haven’t walked a mile in a landlord’s shoes. 90%+ of your problems are caused by your local/state government that you seem to be giving a free pass.

If I were in your shoes, I’d focus on house hacking in Phoenix by exploring multi-family properties or using the BRRRR strategy with undervalued single-family homes.

You’re already doing the right thing by plugging into a community like this—plenty of folks here who’ve been in your shoes and are willing to help.I’m from Leesburg - and would love to connect.

I'm sure someone on here has been in my shoes, right?