I only have $40,000 to invest in the deal.There is a lot of due dilegence that still needs to be done on this deal, but I like to have a game plan in place before I start the process. 

If you don't have the cash for your skin-in-the-game, you will not find a REAL hard money lender that will put up all the funds.  

Brand new to real estate but would definitely like to get in the game.

I wrote a post about it a while back:   https://www.biggerpockets.com/forums/223/topics/161894-1-really-good-idea-for-newbies-to-get-in-the-game--its-not-wholesaling

It's called the Fed's Target Rate, because the Fed doesn't actually directly enforce the rate.

Good or bad.hey leo. i'm new to the game, what would that entail exactly?

If you're buying to appreciation then you aren't investing, you're speculating; and you need an even bigger LTV spread if you're going to play that game. 

You will learn, hopefully not the hard way there are some ethically challenged people out there in the REI game.

It's like a chess game... anticipate many moves in advance.

Building a team Depends on everything you guys are trying to accomplish..I will  start simple A game Plan Goals Exist strategies Good Legal Expert ( lawyer ) Real Estate Agent ( find deals ) Inspector Property management ( if  you plan on holding or making rental Properties)Wholesalers ( they will bring you properties )Handy Men Contractors ( you guys might not do it all ) Private lenders/ Hard Money