They used the funds from selling to pay off their mortgage. 

I’ve seen conventional lenders (those selling on secondary market) fund deals like this before.

I took my time to submit a formal written offer with proof of funds.

The way I got started is I went out and found a deal that had high value-add(Large margin between acquisition and repair cost and ARV), the value in the deal made it easy to finance, I mentioned to everyone I knew what I was doing and let them know I have a deal I am trying to find a partner for and I found an investor rather easily because of the value in the deal, the deal attracts funding, get yourself a deal and  you will find an investor.

Would this be a good start for someone with little experience and low funding?

At the last meeting, we were informed that $400 had been donated into the charitable fund.

I would be funding the deal, and splitting cash flow 50%, while the other end is acquiring the deal, and handling the management, maintenance, and keeping it occupied. 

Zip code 68104-Last years taxes = $1520-Purchase price and financed amount at 4.6% for 30 years = $120,000-Closing costs and funding fee (VA loan) = $9,200 paid out of pocket-Pretty much turn key property, minor repairs that I can do, less then $200 worth of work.

We have no intentions of withdrawing any funds from our llc bank account until after tax time so that we can get a good feel for the tax implication in relation to our individual income from our primary careers and, neither of us currently need the money to go back to our respective pockets so we intend to roll it all back in to more houses/flips etc.. 

My goal is to convert all of my units to government program funded, so this might not make sense since it seems as though most government programs require that the landlord pay all utilities anyway.3.