I am working on a plan with a partner to develop an area, but we have never had to start from a blank slate. 

Do everything you can to make sure you're hiring a solid partner who will protect you and your investments.

but it doesn't require me to make giant down payments that as @Joe Villeneuve is always rightly pointing out take decades to be paid back with that $37 a month that you net.I wonder if your maybe trying to come into them a bit too lean, or not communicating it in the right way, so seller is getting a feeling your just being a vulture vs a partner. 

I had an interesting topic my business partners and I have been discussing for quite some time and I would like the advice of you all.

Tardus recently  partnered up with rent to retirement which is a very reputable turnkey company, up RTR reviews on bigger pockets) and was featured on a few of their podcasts.

BTW, the rental property is cash flow positive.Bob,My firm's managing partner wrote the IRS guidelines for cost segregation, so I've got some insights for you.

I am partnering up with a good friend of mine.

My partner and I have been investing in OH for about 5 years now, we are cashflow investors and have over 20 doors consisting of SFH and duplexes in OH.

If you plan on going the hard money route, most lenders will require an experienced, licensed GC to complete the rehab portion.Do you have the option to bring on an experienced partner for your first that can show you the ropes?

This LLC has you as the managing member and 80% owner and can purchase investment real estate of your own or with other partners.