If you'd like to, let's jump on a call to see if we'd be a good fit to work together.What would you estimate the average rent to be on one of the smaller new builds say in the high 280s a 3bd/2ba.

But…There’s ZERO chance I would rent by the room for $600/months more.

The disadvantage is that compliance is difficult, much more expensive than Reg D, and the chances of being sued much greater, while raising capital more difficult.  

By posting these types of things in conjunction with some advertisements you position yourself as the first thing people associate with real estate as well as stand a better chance at having your posts or tweets shared.

Roughly, I estimate I can sell the California condo for around $600, then 1031 that into condos/townhomes priced at about $250k.

Chances are, they will avoid you because they are not planning to report this income.

Took my chance the first time in 2017 and never looked back.My transaction was always one property into multiple.

Typically the latter is the one I would rather invest with, as they are first acknowledge that they failed, and therefore have a chance to learn from it.

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

First, estimate what the renovation would cost, how long it would take, and how much extra you could potentially sell the property for once it’s fixed up.