As the subject line states, I'm a newbie to real estate alongside my wonderful fiance, Rachael .

Sometimes partners view funds put in my members as loans and those get paid back in addition to splits, so if partners A & B put up money, but partner C did not, then A & B get paid back with interest over time alongside a 3-way split of profits.

You can build these up alongside your weekly and daily activities, but it needs to be done consistently and won't help you in the beginning - it takes a few months to start to stick with the web crawlers and people you're trying to reach.

The easiest way would be to get a normal partner to invest alongside you and maybe they get a smaller return if you do all the work.

The Charlotte market is still a little small for restricting it to only zip codes as the city and suburbs have been growing so quickly each street is different with some new 300k plus construction sitting alongside some 1950's SFR'S. 

I've been around turnkeys for years, both as a buyer of them and working alongside them, and I can ensure you they are plenty ethical and a good business model (at least the ones I've always worked with). 

Additionally, he will learn the business alongside us so he understands what we are doing with his money, and, frankly, he will be able to go purchase a MHP on his own if he so chooses with his next 1031.I'd be happy to chat with you if you'd like to learn more.  

New apartments are going up right alongside those old duplexes and are renting for twice the $/SF.

It's as if you personally put money into the deal along side the entity that is your self directed IRA.

t rent it.I ended up getting a skilled tradesman in each house.one guy is an actual house builder that hit bad times during the recession the other guy works with his father installing and remodeling bathrooms and kitchens.both these guys came signed the lease on the first tenant I allowed him to move in with security plus 200.00the difference was the paint and drywall repair and cabinets stained and house cleaned. that I would have paid someone else to do out of pocket which I didnt have.gettting that money allowed me to take care of a 350 plumbing problem and a furnace issue that came upthe other house the guy moved in for security plus 300 for the first two months less than half the actual rent because he is going to do all the painting and the bathroom remodelsome drywall repair and hang ceiling fans.he is working alongside my contractor and my contractor has now gotten a new partner and he has okayed this guy to do the workall things worked out.and now my two houses have some capable people in them who wont come crying everytime there is a minor problemI know this isnt the ideal way to do business but I sort of started out over extended.