Found the deal thru our real estate agent.

Would you mind sharing how you found the deal? 

I found this list from BP - any favorites? 

So, they will want to know that you are serious and in it for the long haul before they start giving you equity in the deal.Honestly, if I was in your position as a new investor with no experience who found an experienced investor to partner with, I would be less focused on how much money I will get paid in the short-term and more so on how I will use the experience I gain to make exponentially more $ in the future. 

Hmmm, it would be a good idea if you found a funding partner help you get these loan or provide private money to do your deals.

I don't know Muskegon but I've found several great mangers across the country using NARPM.org. 

I have never found it to be very accurate but for fun I just looked up my house because we just had it appraised last week when we opened a HELOC and I was surprised at how close it was, Zillow has it just $27,000 under our appraisal, 6% off!

. --  I have reached out to the PM and he has reduced the price to a more competitive rate but it still hasn't found suitable tenants. 

(I found some land that would be a good fit)Do you just purchase a multifamily home and rent it out?

Neither of us have done a deal as of yet, but he's already found the capital to do so and he's real close to finally starting.