(Even went beyond the second page of Google.)I have an investor who wants to partner on a deal by providing a loan for the down payment.

Reporting the proceeds you pay to seller on a 1099 sounds reasonable.

I have a few questions- "We started an LLC" "We purchased a property" Who are the legal owners of the LLC? 

A common pitfall is treating each deal as a standalone transaction instead of connecting acquisitions, financing, and project management as part of one cohesive process.

"Is this a good deal?"

I think a better option is to get a job in property management.

Hi Kwanza,Bay Tek (650-204-1512) would be a great starting point, but I’d also recommend reaching out to Adler Builders (650-398-9030) and Mission Home Remodeling (415-855-7269) for comparable bids.In San Francisco, you’ll need a licensed General Contractor (GC) to pull the necessary permits.

As an experiment I invested $30k each in the 10 REITs which had (according to average estimate of NAV) the largest discounts from net asset value as per market price).

I am pretty sure you can not do a 1031 and use the proceeds to do anything to a primary residence.

Milwaukee inventory has just been so low, that even very distressed properties sell to first-time home buyers without a significant discount, so in the end it's cheaper for me to buy properties that already have a new roof, windows, kitchen, HVAC etcI appreciate that insight and it makes perfect sense.