A friend and I are looking to start a business partnership, but I am not sure the best structure.

While I wholeheartedly agree with the unrealistic expectations part, investors are still in the business of flipping for profit, so for discussion, what are some methods of success when attempting to reach out to banks or vacant property owners that have worked for you?

It’s zoned with septic, but the structures haven’t been started.

The portfolio is in excess of $1M @Bob Malecki   If I were to offer to my existing contacts , Whats the right structure or contingent assignment paperwork for  hypothecation ?

He has been my accountant since I started REI and gives us great advice on structuring deals and other things.

.- How do I structure the purchase?  

If seller dosent go for financing is there any other way to structure a deal to make it attractive?

Also, to answer your questions:Finding the right property to do this: I'd suggest you continue to look on the MLSWhat to focus on renovation wise when moving in: An area where appreciation is strongLook for value-add | Meaning an addition to the existing structure or a bathroom or finish the basementEnsure that your finishes in the house is suitable for the market and sale price you are hoping to getWatch your budget Any other general advice on how to do this successfully: Add 20% to your budgetHope this helps you guys.

I dont have a ton saved up (we are aggressively paying down debt and on a budget) so I wanted to use this method to acquire my first rental property. 

Expect to have some wall cracking and maybe even a structural issue to deal with.