I would look for investments with owner financing to skip past that requirement.Maybe you can partner with your parents on the first property?

We partner closely with some great realtors!

As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

Again, all so another of my partners could jump into manage where I left off, if I weren't around anymore.

My advice would be to partner with someone who has additional funds so you can buy something that is of quality. $8k won't get you anything in a class B or A market with 20% down or even 10% down. keep going though!

I prefer graduate students whenever possible because they don't have time for partying, are of legal age anyway, and generally tend to be by themselves or with a partner so it's more like renting to a couple.

:-)BTW, I'm actively looking for working partners with some cash to put in for the short to mid-term.

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

Any recommendations for Umbrella insurance providers for each partner to cover any liability?