The only thing I see to be a challenge, as Shaun eluded to, is finding the right investor to partner with and to ensure you don't get cut out of the deal.Realistically, partnering just makes more sense if it is legitimately feasible to do so.Do you (a) Find a property for, let's say, $50k with an ARV of $150k and flip to an investor for a $5k fee, OR, (b) Find a property for $50k, flip with a partnership agreement to a rehabber with the intention of being able to sell at $150k, and making a 10% fee after rehab costs, holding costs, closing costs, etc.

My focus is finding the deal, creating and ensuring we adhere to the budget, and securing funding.

Long delays can force a lender to order a second appraisal to ensure the value of the property.

That piece lays out 3 fundamental principles: get a good deal when you buy (20% discount), appreciate the property early on (10%+), and ensure a certain level of cash flow (2%+). 

You want to fix the pane so that you can ensure that the work is done correctly. 

@Steve Ramer a po box is highly suggested I have piles of returned mail from when i was sending out consistent mail campaigns you may want to create some type of system for re skiptracing your returned letters and locating those sellers these are the low competition deals because chances are you arent the only investor who is getting returned mail from that particular seller so you want to ensure you get in contact because the rest will quit trying!!

You might explain the RE wholesaling tactic to ensure they get a clearer picture of what can be going on.

This ensures you don't comingle funds in connection with that transaction.You need to close using the tax EIN of the business.The closing agent will show you how to execute documents, ABC, LLC by your name for example.

The purpose it to ensure one spouse does not put the marital home (or possibly any marital property) at risk unbeknownst to the other spouse. 

No matter what you do ensure to screen the tenants thoroughly if you are doing the rent up yourself.