Every property/venture we add to the portfolio forces me to reinvent the systems we use.  

And I would not advise a newbie to venture down that road.

So bisect the venture. 

Basically, if your deal is a deal - it's going to sell at a good % You will not need additional, expensive dispo tools or Joint Ventures.

For this first venture it is as simple as the person if financing the 20%.I have found some foundations on here for structuring this opportunity, and other platforms.

I am in hopes he will join me in this venture.  

Look for opportunities to increase your income, like a higher-paying job, a side hustle, a new business venture, a new real estate investment, or something else.Avoid lifestyle inflation: As your income increases, you may be tempted to upgrade your lifestyle, but not everything you buy will increase your net worth.

I run a real estate data venture that pulls from various private and public sources and curates these reports, so it's not a simple answer.Social Sentiment: Search demand and what people are saying online.Neighborhood Class: Cleanliness, crime, graffiti, and overall health.Demographics: Identify market segments & trends.GDP & Economic Growth: County-level GDP changes to assess economic vitality.Poverty Metrics: Analyze economic challenges.Construction Activity: Easily predict market supply.Occupational Diversity: Forecast housing & commercial needs.Education Insights: Understand community stability.Real Estate Trends: Identify property value & rental cycles.Houston was just a place where I felt like sharing some knowledge.

Often the equity partner has a lot more risk in the venture (losing all the investment money) where the work partner could walk away with the loss of time and effort.

I live in the area but don’t venture out that way too often.