For example, in exchange for his hard-won knowledge and advice, you give him a small percentage of your first profit.

Perhaps you could ask an investor friend in your local area who has done this type of work to give you a hand (once the tear out is complete) and to supervise what you're doing in exchange for dinner/drinks/pizza/etc.

A few tips for the newbie in exchange for coffee at Mylo's?

During this time, either party can walk away with NO PENALTY because there is no money exchanged.  

utm_source=search&utm_medium=internal&utm_campaign=books(books recommended by BPers)Before making your 1st REI purchase please visit the link below for some useful tipshttps://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinarsLastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

I have invested in numerous other markets and I'm always open to a good deal.In addition to investing, I have taught from numerous stages as well as one on one with many beginning and thriving investors around the country.Glad to have found a great forum to exchange ideas and help.Regan

Its nice to know there are folks still doing this and making money for the effort.If there are others in and around Tampa who would like to partner/share/exchange/anything, I am completely open to making new connections and meeting others in the industry - PM me.Thanks for the input so far.

When that property has been involved in a 1031 exchange and then converted from investment to residential there are a couple of other hoops you have to jump through.  

Sharks will take 70% of your income but it is exchanged by experience and a flip inder your belt, repeat 3-4 times and someone would start listening.