A very experienced BRRRR strategist in the Kansas City area suggested him and I form a partnership.

There will be instructions on the form as to what to fill and where to send it. 

I've been given the opportunity to invest in a property flip - after reviewing the pro-forma and budget, I'm pretty happy with the numbers and the potential returns.  

They are a little harder to get into but has less competition and itt's not retail buyers.You might have to form a partnership to do that but as long as you keep control it can be a better thing and you can have several units at the same address. 

The property would be awarded to me in the form a Judgment, foreclosing the rights of redemption, assuming that i pay off arrears.  

@Charles CurleyYou can raise money from friends or family and form a partnership where you are the general partner and they are the limited partners aka silent partners.

I would recommend going to the Fileplace under the tools tab and type in pro forma or income calculator.

I did see the form as an addendum to the contract.

As a general rule of thumb avoid anything under $100k, the pro forma numbers will look way better than the actuals, and avoid flood zones.

You could form a Joint Venture Specific LLC and have a good real estate attorney draft an iron-clad Operating Agreement to minimize your risks, limit liability, and protect your personal assets all at once.