You are bringing the seller a buyer, and the buyer a property that they want.Here is an example of this as a real estate agent: If I as an agent told the clients of my listing that there was no money to be paid out to me at the end of the transaction and hide the information from them just to get the listing, it would still come up.

Where I live it's called the Iowa Insurance Guarantee Association.

The most common split I've seen in similar situations where the JV partners intend to rehab and flip the property is a 50-50 split for smaller deals (~$250K) and 60-40/65-35/70-30 in favor of the money man as the deals increase in size.  

Hey everyone, I went to U of Iowa ('10 grad.), own and operate an part time online marketing business and work security downtown.

., whereas I would be targeting midwestern states such as Illinois, Wisconsin, Iowa, Indiana, and later on Kansas, Missouri, Nebraska and Oklahoma where the parks tend to be a bit lower quality and are often rurally located.For this to work, I believe I need at least a minimum of 1,200 or so parks in my farm area, each with a minimum of 50 to 60 lots, and a value of somewhere between $750k to $4M. --- 1,200 parks is an estimate based on my experience in the apartment world; this number could be higher or lower depending on the velocity of this product type in my markets.--- 50 to 60 lots because my understanding is that 40 to 50 lots is the minimum number of lots needed to provide the economies of scale to reward a passive/remote investor, and from what I've seen even the nicest parks in the Midwest typically don't trade for much more than $20k/lot with the bulk of them trading closer to $10k/lot or less; I would prefer that the majority of the properties in my database are large enough so that the prospective buyer market is not limited to a local buyer.

I'm interested in the markets of Denver/Boulder/Colorado Springs Colorado, Omaha Nebraska, Des Moines Iowa, and Minneapolis/St.

im a memeber of american capital partner we buy all over the usa

What @Sarah Ziehr is referring to is the self-sufficiency rule.  75% or 85%, depending on which state you're in (it's 75% in Iowa), of the market rents on all units (including the one you will occupy) need to cover your monthly payment (principal, interest, taxes, insurance, and mortgage insurance).

I am in the same boat here in Des Moines Iowa.

A little about me I a 31yr old single parent looking to purchase my first of many investment properties in the quest for financial freedom.