Mike, my partner and I flipped properties to FHA buyers.

I would like to add value to a 5-20 unit but I need partners.

Then in 3-5 years you move to your "permanent" house you will have two rental units that most likely pay for both your old home and existing.Because your cost to buy is so low < $5000 you can buy the property, shop for renovation money, maintain an apartment (small studio or 1 bedroom) while the place gets livable.If your partner does basic construction he will know people who can do the heavier stuff, he doesn't do personally.

Getting a loan in your name or other partner names, is much easier than for the LLC and cheaper.

If you don't have those skills, I would find a partner who does.

That being said, you could either become an agent now, bust your *$% for 2 years and qualify for the loan then OR you could still be an agent and find a co-signer/partner to go in on a deal with you sooner.Being an agent is not easy but its simple.

I have never done one or have been to one but looking at Auction.com there are some really good properties in the area my business partner and I are looking to acquire a fix and flip.

Start networking for potential partners, people who may have more capital or have a W-2.

Just another suggestion, if  you don't have enough funds focus on finding a great deal and partnering with someone who has the means. 

This document will entail information such as how income/losses will be split, who will manage the partnership etc.The partnership will be required to file a federal form 1065 and possibly an Ohio 1140.The partnership will be required to distribute a K-1 to each partner which details each partner's share of income/losses.