My investors are the lifeblood of my business and if I do not perform for them on all fronts then I will lose them to someone else.

Are you performing the construction or buying turnkey?

So I currently have 5 single family investment properties that perform nicely but I've been dancing with the idea of doing my first BRRRR. 

I don't think that would have been possible without have a long relationship with a single lender and a strong track record of performance.

Most perform wholesale transactions illegally so get educated on how to do it legally and ethically.

Basics of the partnership:- All the properties will be in my name (I have the high credit & W2 income)- I will be investing $25-50k per year of my own funds into the business to buy more property- My father is in an all cash business so the idea is he will be getting his money in via renovations and ongoing maintenance/CapEx - I will be responsible for all the "white collar" tasks and hold ultimate decision making ability as everything is in my name- He will be responsible for "blue collar" tasks; finding properties, coordinating with contractors, etc..Our goal is to build cashflow for a 10 year period before we would every need to start "taking" the cash flow out of the business.

This property, for a long time, has not performed well financially and due to this my family is not holding many liquid assets.

if so, ask for closure reports for old tanks(3) check condition of spill buckets and make sure they are monitored. if not, should collect samples from around those structures. they often get dinked by snowplows and vapors may escape then condense into soil.(4) has property always been on public sewer since it operated as gas station. if not, did they perform auto repair?

It has always been our worst performing RE with respect to its equity.  

My second house performs quite a bit more than the first; and the third is projected to perform better than the second.