Also, you could use this moment to set up an investment account that would position you to build cash reserves even when you buy real estate in the future.Consider researching infinite banking.

@Filip ReutovSpeak to an attorney when creating the operating agreement.Discuss the following circumstances1) The responsibilities of each partner/member2) How much each person will contribute and when distributions will be made.3) Exit plan(5 years, 10 years, upon death of one partner, infinite?

Note sweat equity such as a BRRRR can provide outstanding returns (We have historically achieve infinite return on our BRRRRs), but they are not passive. 

Having guardrails against the hubris is arguably noble, but the freedom versus safety infinite game can easily be framed in a manner to make the pursuit of safety the villain instead of the other way around.

Really, it's infinite because you can just add more team members as you get more properties.And I don't worry about competition because at least 80% of STR owners don't know how to market their properties.

A top quality BRRRR will leave no cash in the deal, meaning you can scale infinitely.

Price is an important factor when it comes to actually buying the property, but VALUE is infinitely more important.

A year or two later you pull out your 20% down with a cash out refi and your returns are infinite while you lower your taxes.

If there's one thing you get from this post, let it be this: Real Estate is a people business, and investing in relationships will have an INFINITE return. 

If not, I’d approach her with seller financing.  0 money down with infinite returns so there’s no cash in the property.