So depending on your experience, if you are bringing a piece of land and some plans, I the outside investor would want likely between 80-90% of the equity if I am providing all the funds for closing, the experience, and the reserves, just to be honest on something like this. 

I can only really speak for Tampa but if you buy a unique and/or amenity rich property in the right part of town and do all of the management pieces right you can and likely will be successful. 

It would be much along the line of what I wrote about in this piece: https://www.biggerpockets.com/blog/mastering-tenant-turnover...Thank you Kim!

If you could provide 1 piece of advise to a newcomer, what advise would you offer? 

We are still using all the pieces we bought from those sites to this day.

He’s nurtured and created a group that calls and closes deals, just does the paperwork for deals, is only looking for Fix/Flip deals, leverages those that are just great at connecting these pieces together.

You don't look through your mail hoping someone sent you a DMM piece on how to solve your problem.

My bank told me that their tellers have a piece of paper ready when someone comes in and wants a large amount of cash while on the phone with someone.

Take a project--maybe one you don't even own yet--get pricing on a piece of paper/or text. 

We had lunch a while back, where he told me he drops 10,000 direct mail pieces each and every month.