Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.

You have to practice and find smart ways to move around PPC/PPL is definitely something I’m keeping on my radar, it’s great to hear that it's working for you and bringing in motivated sellers.

Smart people they have to be right.   .        

Why would a smart investor do that? 

I am thinking of changing the interior doors to smart locks and renting each room out.

And don’t forget to check out Airbnb host groups—hosts love to share tips and contacts.For setting up your place, a smart lock is a must—it makes check-ins so much easier.

(The other scammers are from posts here on Bigger Pockets from people with similar situations as mine) McMann Commercial Lending, Walter Trock & Michael LanzaGenie Investments - David Hughes and Mike ConnerSilversky capital out of Lubbock, TX.Jerry Yang and Guatam ShahSmartZip - Smart ZipAmerican Money Loan ServicesTom Vanderlaan.FLIP AND FAST LOANS LLC.Also read this post.

It’s smart to review the HOA guidelines before buying so there aren’t any surprises.

Living in one unit while renting out the others is a smart move.

Starting with a small multi-family house hack is a smart move, offering the benefits of living rent-free and equity building.