Hey guys i have a general question,if im buying land for my friend to build a house on and we decide to sell it later...how should the profits be split?

Many houses with obvious distress are not going to qualify for conventional financing.

You should be transparent will sellers because doing otherwise could be illegal (if you have insane person sign a contract to sell a house for $1, or mislead and lie to seller about their property value in order get a contract you could be liable for fraud.

I have experience flipping houses, and working with investors on residential and commercial projects.

Hello, i am on the same mission, we can both run a buildium.com account and list our houses there. 

I am trying to decide if i want to move forward with this house?

If I buy a new property as a primary residence and move into that new house, will I still have to pay a down payment for an investment property if I plan to rent out the house I currently have after I move into the new house?

@Jada Lazenbywelcome.definitely start with a house hack.i started by renting my first primary residence out when I moved into a bigger place. 

If you wait 30 years to start budgeting for a roof, the house will rot into the ground from leaks before you have accumulated enough to replace it.

Currently house hacking (rent by the room) in my primary home (1st property) in Texas while working out of state.