Using the 70% Rule, my ceiling is at $126k, and with a wholesale fee and transactional funding, my ceiling is at $116k.That leaves us only $24k to cover repair costs, and I estimate repair costs to be above this.  

Does anyone have a rule of thumb on how to do the renovations without going overboard?

We do have a team in place we have about 70 units in Hickory. 22 two homes and another 50+ apartment building also located in hickory.

Why do you want 50 rentals?

I know the deal can be structured anyway we want, but I am looking for examples so I can get some idea on what has worked before...For example:Two way (50/50) Flip- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)- Partner 2 does everything else, identifies property, manages rehab, flips property- After project done each partner gets 50% of profitThree way (33/33/33) Flip- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)- Partner 2 does project management, accounting, records- Partner 3 does coordinated all the work required to rehab the property- After project done each partner gets 33% of profitThanks in advance

Wanted to see where everyone gets most of their education on creative financing, mortgages, contracts, notes, you know learning the rules of the financing game--not really anything that has to do with financing/leveraging a home.

However, we're finally at the point where we'd like to start making offers.At the moment, I first calculate using the typical BP rules-- 50% rule, 2% rule (I allow them to go down towards 1.25%), 70% rule with flipping estimates, $100/month/door, etc...  

But Im sure rules are different over there!

There's conflicting evidence on the first $5,000 for a "passive" real estate investment online and I couldn't tell if the $5,000 rule is only in effect for "active" investments.3.

Everything is fair game and there are no rules from someone liking this analysis and beating him to the punch.