Sounds like you guys have the potential to be an amazing property management team!

I am making some assumptions, but it sounds like you just don't have enough cash/liquidity to invest from a position of strength.

Doesn't sound like it would be too difficult to get funded.

I dont know anything about this company but it sure sounds like and advance fee scheme.

The property is paid off so you have options.Based on what you’ve shared, you carrying the note sounds like a viable option.Have you considered seller financing?

Sounds like an easily executable deal from what you've stated but likely need more color to offer path forward, terms, etc.

(I am a silent investor, the developer is doing all the heavy lifting, and we split profits at the end)It sounds like you’re being really strategic here, which is smart.

Sounds like he was feeding you a line of garbage. 

Your focus on the Dallas market and Fix and Flip projects sounds solid, especially with the DIY approach and having an interior designer on your team. 

@Eric Huntermark Unless you're already independently wealthy, a conventional loan product (assuming this = bank/credit union loan), is going to probably be less attractive for you and most banks/credit unions don't lend to flippers.It sounds like, I'll need to either pony up some more cash or find a private lender that is willing to invest in some of the deals with me