Interview several so that you can compare before making a final decision and good synergy is a must!

If you want to open up your deal to non-accredited investors (investors with less than $1M net-worth excluding primary residence), there are very strict non-solicitation rules that would apply, to which your original post would probably disqualify you for.So, now you're left with an SEC 506(c) offering, which allows you to solicit accredited investors (net-worth of $1M and above), or taking general only partners, who have actual active roles with decision making power.If you're still want to take passive investors, you definitely want to talk with a good SEC attorney!

But only you can make this decision. 

Trust me, you want to avoid costly mistakes and bad decisions.

@Carloz Gil There are principles from two books that come to mind:Rich Dad, Poor Dad, by Robert KiosakiYour primary residence (unless you do a house hack, a lot of information about that on this website) is NOT an asset.

Seems like a novel idea but I would want to see the numbers and make a decision how profitable such a process can be.

And my others also just didn’t want to make a quick decision. 35k purchase price20-30 in rehab Will rent for 1k-1200 a month ARV is 100k

I would check out some of these (https://www.biggerpockets.com/store) and "Rich Dad, Poor Dad."

Now let's ignore the idiocy of that no-lease/contract decision.

@Carmine LaPietraNy recently passed a new tenant/landlord law.Familiarize yourself with it before making a decision.