I always explain to the sellers that I work with a couple of different private partners and do joint ventures on my deals.

Best wishes on your new venture!

Best of luck with your new real estate venture. 203k is a great way to go, very paperwork intensive though.We're investors and property managers in Central Mass as well, so feel free to connect. 

I've been so wrapped up in the nuts and bolts of learning how real estate works as a business, coupled with my fear of being on the hook for a mortgage payment of a place I can't fill, or can't sell for more than I put into it, when I've been missing out on the easiest and lowest risk venture that I could possibly think of that would net me more money than probably the first two properties that I could stick tenants into- where I'm living now. 

Is this a sound strategy or is there a better way to establish asset protection and get this business venture off on the right foot.Our goal for this year would be to buy one maybe two duplexes in the Philadelphia area.

Implementing this strategy free's up your SBA to redeploy into additional ventures. 

In addition to this venture I already have a remodeling company so I intend for both to operate out of the same location. 

@Yelena Utin sounds like a high risk venture, what have you budgeted for repairs, and how are you estimating future rents?

Until you start getting connections in place to handle a larger scale rehab, I wouldn't venture into that territory.

I know it's a profitable venture and it has some other tangible benefits like the ability to use a part of the house for personal use.