Which would put me at 14% and I'm happy with anything over 12%.

The LPA / operating agreement is where I often find the real meat of partnerships.

@Cassidy Burns  For me at least, I've done a number of seller financed deals, as a buyer. 

By Sean Cook.

Also, with the various tools hosts or management companies use, 5% of the cost going to towards that wouldn’t surprise me at all, but can make a huge difference in how it’s managed and the guest experience. 

You can also make your own cooking grates with the welder and 1/4 rod. 

You seek out deals though whatever means appeal to you (snipe signs, cold calling, buying a list of non-owner occupied homes looking for the ones that want to sell, driving around looking for properties, working with attorneys, calling people that are going into foreclosure,  or working other wholesalers to learn the trade, etc).They key is that you have to find deals that have a lot of 'meat on the bones' where there will be sufficient equity in the deal to cut you in, plus your investor says, 'Wow, thats a great deal."  

Even the best of partners can get sloppy, lazy, or even greedy (as in cooking the books) if no one is looking over their shoulder.I'm a full-time wholesaler who has done about every type of residential transaction that you can think of, including rehabbing/flipping, renting and owner financing.I'm also co-founder and president of a local investor group.

I don’t think there’s enough meat on the bone to BRRRR it but I don’t have the funds in my name either for a flip.

It has helped me at least to get more comfortable and realize that this is something I can do.