. ✌️ (and don’t forget to calculate short term capital gains tax - that’s why I prefer passive income over flipping)

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

You could also check what Realtors in your market are preferred agents here on BP- they should have at least a little experience with investing and a network built up. 

I prefer it that way too as it aligns your incentives to maximize revenue. 

Some wholesalers may see this as a hurdle or prefer to avoid the oversight from real estate boards.2.

., preferably with a great outdoor space.

You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership? 

Consider house hacking when rates and prices are a little more balanced with reality.I would prefer a duplex/triplex but I know getting into a single family home and renting out the rooms is more accessible .

Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

We have a 650 minimum , but prefer 700