I am at the point now where I have learned as much as I can by myself and I was about to pull the trigger on heavily investing in a mentor so that I can begin investing with the proper support however I came across this article:https://www.rtitlegroup.com/bl...My strategy was going to be to acquire SFH's with owner financing and sell them on a wrap, making money on the down payment, interest spread and monthly payment spread.  

Sorry, I meant 30% to the GP and 70% to the LP after a 15% IRR.How it works is via negotiations of the partnership agreement.

The realtor knows I'm good for repeat business, and I pull the trigger when a deal makes sense.

So to your last question...again it will depend on your DTI.If you are planning to add a flip to the mix, just run with a hard-money lender; they are not going to be too concerned with your DTI in that case; the asset backs the loan.The best thing you can do if you have a refi or two coming up is to keep in constant contact with your lender and ask them if you are going to be in a tight spot before pulling the trigger on the next deal. 

Do any of you have suggestions when it comes to putting together your business contract on a property you are buying with a partner? Or, if you have a contract you have used in the past, feel free to share it. 
- Hav...

But I have been having trouble finding deals that meet my requirements and so have stumbled on a couple of flip opportunities and so have pulled the trigger. 

Since this is going to be my first deal with a partner, I want to do it right and get an attorney to look over the set up of the partnership. 

I, now, would never purchase some of the first properties I purchased when just beginning, but I had to start somewhere.Just a little bit of snooping, it may be worth pulling the trigger if it truly cash flows well. 

Partnerships can be great.

Partnerships can be great.