While the lender might need you to also have a partner with experience on the loan that could be your builder and you work out an equity split.

I'm looking for experience here, we are ready to take on our first deal together but unsure how to structure it so we are both protected. 

That way a financially stronger party can't crush the weaker party in seeking "justice".Lawsuits, disagreements, kerfuffles or whatever you want to call them are life sucking experiences with no winners.  

Since the licenses came into effect last year, my ADR has jumped significantly.

I manage around 400 rentals with 14 years of experience and have never been sued once.

With providing some rough numbers, my extended work experience with my company, and my credit to the lender, he informed me that I could potentially qualify for a $250k property with an FHA loan and a conventional down payment assistance loan which would put me with little to no money down out of pocket.

I do not have enough experience in tax.

We hope to have a few more years of experience with it before we have to decide whether to use it in more houses or not.

My 1st experience with squatters is that it can be extremely difficult to remove them.

Experience is king I'm well aware but...