We are splitting up capital contributions at 50%, but see having different involvements in the repair process.

And you need to keep detailed records of all repairs and improvements.

I find that cash flow is very important so that I don’t have to come “out of pocket” to pay for major improvements / repairs  

Class C and D areas/properties will always cash flow better on paper, but on paper things like extra repairs, turnover, evictions and such are often not taken into account. 

to BRRRR something, you need a goldilocks property - something distressed enough that it can be bought substantially below market, but not so distressed that it can't be repaired. 

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

During times of uncertainty, lenders stop lending, or they increase underwriting requirements, or the property hasn't gotten to the "repair & rehab phase" and isn't "lendable" and so on and the DOS is called.

Not necessarily turnkey but should need minimal repairs if at all

Single family house, which required smaller down-payment and little cosmetic repairs.