@Hersh Shah I ran into this post and thought of you.

You are 20 years old and don't even know what it's like to work the same job for five years.

A lot of which you can find on investor Facebook groups for the DFW area.

This would be our first flip together, splitting cost and profit 50/50 with a hard money loan for what we cannot make up on our own.

@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them. 

If you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion, where you get the first $250k ($500k if married) of the gain tax free.

I have heard positive things - expect lower overall returns in exchange for them doing the work! 

The critical factor is whether the property owner can demonstrate that the sale or settlement was made under the threat or imminence of condemnation.

The books mentioned above are a great place to start!

Hi Ali, welcome to the community!