Haul in dirt from reputable source.  

The more sources, the better.

I am also a W2 employee have a very stable six-figure income (for many years) along with other sources of income.

Hello @Jess ZavoralWelcome to the BP Community.Sound like you are ready to roll in investing and am looking for to hearing more of the investment journeyI had never heard of a full time investor until reading of Rich Dad's cashflow quadrant and Biggerpockets specifically for real estate.I''m yet to pull down my first dealNevertheless, its a career with time needed to spot those bargains and value adds.You get better and better with time and effort applied to sourcing leads, making offers, putting the financing together etcAll the best going forward

I am looking for advice on effective list sourcing and marketing.

Consider additional income into a long-term investment with real estate, a great source of passive income.

@Drew SteusloffDepends on your market and how you plan to use it but in general, yes, it’s my favorite lead source and so much more.

The rest would be financed.Based on my calculations...IRR of 48% per year; 15yr holding period.Now since I am the source for this deal and will take all the steps from negotiating purchase price etc; bidding to lease the space, negotiate terms of the lease, oversee the tenant improvements etc.So the main thing the partner is contributing is the capital for down payment.Whats a reasonable partnership split for such a deal?

There is individual hook ups for both - so I guess they can source their own (even though it might be a pain in the butt).

I would also make sure there was a heat source and/or some sort of ventilation in the area you described, especially if you aren't moving away from the carpet right away.