This is a slightly more involved strategy but one my buddy uses here in Texas.In San Antonio, or the outer counties, if you follow the properties that pop up on the tax auctions - you might come across a vacant lot here or there that the owner just never paid taxes on.

Congrats Evan, nice post buddy. 

It's  caused  for  investors  to  buddy up  with  a  R.E. agent,  in  order,  to  get  the "in pocket" listings. 

Partnered on 2 of them with a buddy and we self manage from a distance (I’m in Raleigh and he’s in CA).

Allentown is the third largest city in Pennsylvania and part of the larger Lehigh Valley metropolitan area that is booming and is a fantastic place to invest (see episode 276 with my buddy @BryceStewart.) 

Yes...One of my buddies is raising the funds for it right now.

The host was a folksy non-flashy type in stark contrast to those of the DFW REIA -who claim to be personal buddies with Trump btw, take note - and had the guests give their informative presentations.

Have a buddy who closed deals while deployed including 242 units.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Seem like you could involve your buddy by giving him a 10% equity stake (finders fee) and pay him the 10% prop management fee.

When you calculate make sure you account for all of the non-apparent items such as capex (things happen), vacancies (what happens when your buddy moves out?)