The problem is that too many people never put any of it into practice.tlThe truth is, you have to grind and work and sweat and toil.

Especially if you out some sweat equity into the property to boost value, you'll want that accounted for in the new appraisal amount.

To prepare I would get a good understanding of what each partner can contribute to the purchase (cash/sweat equity) as well as the division of labor.

I wouldn't sweat it.

In a not-so-great neighborhood in (say) Minneapolis, the tenants might trade sweating for a few days in the summer for a reduced risk of somebody pushing in the A/C and breaking in through the window the rest of the year.  

And at some point, the equation reverses and putting in the sweat equity is no longer worth it.

The most profitable area of real estate in my opinion is new construction... that way you can literally build sweat equity... at least that is what I am focusing on!

Buy a property that has the potential to add value, use your free time to input sweat equity then use that equity later for a line of credit on the next property.  

Mine is always a maximum of 75 cents on the dollar because it makes it easier to get financing and have sweat equity from the time you close the deal 

I would like to find a potential partner to do BRRRR deals with, tho I want to put in sweat equity and am worried that since I am new I will get taken advantage of by a more experienced investor as my sweat equity isn't worth much currently.