What we prefer is helping our clients acquire properties that need work, and then we get them RentReady and rent them out.

Additionally, the strong job market and growing population point to continued demand for multi-family units.

I have a six-figure W2, and I receive stocks gifted to me and bonuses totaling upwards of an additional six figures a year.

If not, then it would be a good addition that could drive some revenue.

In a work/money fix&flip partnership:The silent partner provides $1M.The working partner does all the work, including securing an additional $1.4M in financing for the LLC.The working partner keeps 2% of the capital immediately ($20k).After all rehab, fees, and finance expenses are deducted/repaid, the working partner takes 45% of net profit and silent partner takes 55%.You can assume the working partner has experience and it's not a take the 2% and run scam.

I am hoping to use creative financing to acquire it.

That might help your purchasing power and push you over the edge to acquire the multifamily househack that all new investors should start with.2.

I think you could leverage the equity to purchase additional real estate that may cash flow better, but it really comes down to what your goals are with investing.

Having a job in addition to managing 10+ rentals can be a slippery slope if your in that situation.Best of luck!

I know that where I do business (mostly Arizona) we add additional clauses to our agreement for sale to help mitigate the seller being nefarious and providing enough public record to keep things on the up and up with title companies.