While they are the obvious ones, they are much less impactful to building a solid partnership.

This will be obvious appreciation in value and rental income.   

Obviously, you should focus on earning as much as you can, since are young and save over time to build that capital but here are a few ways to get started in another direction. 

Obviously, you want areas with short DOM.3.

Obviously, if you are just looking for LTR's there is a bit less risk there.If you're going to do it, make sure to fully vet your team tooth and comb and ensure they have a reputation worth something to them.

However, from a real world day to day experience it's a totally different animal.

There is the options of totally change up what/where your trying to do things. 

Jonathan, It stinks when there are obvious great deals that go by, not being quite able to jump on- board.

The market is ALWAYS changing but I know at this time, seasoned investors are getting 80% LTV on DSCR in the 6% range and 90% of PP/100% of renovation if total loan does not exceed 75% of ARV for FixNFlip loans. =)  

My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.