The investor is now dragging their feet and it's got me feeling like I need to come up with a contingency plan.Any ideas/leads on creative financing for the downpayment/funding the whole deal?

They had to purchase one cash then set it up.

If you can learn how to co-host properly, your risks and start-up capital are much less. 

How have you all approached this, and have your software platforms been up to the task?

Then if you want to pick up a first time investor buyer and show them the ropes of the most successful long term investors in your market you can share your time and expertise now and then.

I like that I can quickly set up bank accounts for each property and sub-accounts under those so I can keep my property finances in "buckets" as I like to think of it.

Purchase price: $88,000 Cash invested: $44,811 Sale price: $190,000 1 bed 1 bath 3rd floor walk-up just a block from the lake in Roger's Park.

Before you buy, make sure to get the latest rent roll (a breakdown of what tenants are actually paying in rent), the tenant ledger (which shows their payment history—whether they’re paying on time or carrying a balance), and of course, a copy of each lease agreement.Too many investors rely on what the seller says, which often doesn’t match up with what the tenants are doing.

I know the interest they get is taxable I would probably have to set up a LLC with them being equal partners.

Getting everything set up and researching as well as connecting with great contractors and mentors to get ready for my first flip.