I am currently working with one contractor who has done a few flips in the past, but I am thinking about venturing out on my own.

Puts you in legal control of a property for a specified period of time without having to actually own the property.

Since you somewhat have control over the price, mark it up by 2000 and give that as a bonus to the buyer's agent.Also, a key factor in a home selling is the condition.  

@Mark HoDo a joint venture w the sellerYou want to offer the seller a joint venture agreement and buy it on subject to and get titleYou give a note for their equity in the JV agreement you agreed to pay after note in 3 to 6 monthsYou have title and then you sell w an agent pay the costs to sell with the agent pay the note off and hopefully you have a good JV fee as profit

I am interested in venturing into a multi unit deal and was considering using them for financing.

We have thought about venturing out that way to see what deals we might find but so far we have not, there are deals closer to us that keep us from that. 

Control Everything, Own Nothing" - J.D.

Remember you don't have to own a property to control it.

Wishing success on your reaL estate venture!

We have used a master lease option once on a commercial property where we wanted to control and eventually purchase the property.