A commercial lender is loaning out other peoples money, they have boxes they need to check and narrow frameworks, but is a great option when you don’t have access to a private money lender.Make sure you are drawing lines with a private money lender though, they are your lender, not your partner.

Both are fine, however, you would use a different framework to think about them.

With the Austin market experiencing significant growth and now having a framework understanding of REI strategies and processes, I'm excited to begin exploring investment opportunities.

Secondly the entire process is really designed to avoid the framework of a reverse exchange. 

It is very surprising for how popular the site is to have a weak framework. 

Having the framework for rehabbing at cost is a huge advantage for your deals as well.

There is no one size fits all classification, but I've found the following to be instructive:Rent: Top 1% in your area is A+, top 5% A, top 20 B, etc...Age: Brand new construction is A+, under 2-3 years A, 5-10 years B, etc...Tenants: High income white collar is A+ down to unemployed section 8 in CNeighborhood: Resort style is A+ down to war zone at DAt the end of the day it's a judgement call (freshly remodeled but 30 year old property in a great neighborhood is probably a B), but this framework can help with that determination. 

One thing I noticed though is that these homes are very structural sound and you can build on existing frame work.

Honestly, the concensus is there aren't any good answers.Firstly, I agree that you need some sort of legal framework when working with non-spousal partners. 

The quality of people that work with you, how to treat your customers (tenants), structure of your leases, quality of your product, etc...there is a lot more, but this should help get you started.This framework (below) will help you develope your strategy:This graphic is from Gary Eldred's "Make Money with Small Income Properties".