Im in the same boat as you right now, except my investor is just providing the funds, leaving me with everything else.

I typically put aside 3% of the purchase price into a CapEx fund and monthly transfer 10% of rent.  

@Andrew RiggsI would look into investing the property using Roth IRA funds as the gains will grow tax free.

Does anyone have any ideas/suggestions on how to get funding for this? 

I just took a fantastic HELOC out with KeyBank, at 90% LTV and a 15 year draw period interest only.

I got an 80% LTV HELOC on a rental from a credit union.

As a lender, if the deal was good and the borrower had all the right things you were looking for, but didn’t want to tie up money, would you fund 100% of a deal?

My question to you is: do you have all the funds necessary to purchase the property?

He has done a lot of rehabbing, and between that and some new comps on the same street, it looks like he could pretty easily appraise at 80% LTV.

Raise plenty of capital up front and have reserves for any of your current properties.Do Not Over LeverageSome experienced investors are purchasing at 65-70% LTV (Loan-to-Value) instead of the normal 75-80% to give them the extra cushion.