There are many investors who have experienced challenges with 3rd party management (and unapproved concessions are unacceptable).Now the tough love part...it's going to be difficult to make a profit with a $500-600/mth rental purchased for $55K (and impossible with 3rd party management...have to factor in extra vacancy and higher repair cost). 

Experienced investors will want to help you if you show initiative, drive, and genuine interest.

You have the absolute right idea by being willing to bring your skills and talents to the table to benefit someone more experienced than you in exchange for the opportunity to learn.

Which brings me to my other thought which was to bring on a experienced investor but still hold my stake by supplying the funds.

Happy new year everyone!I wanted to reach out to ask if any member in Austin, TX who has BRRRed in the past and is doing so now would be open to having coffee or lunch in the very near future (my treat). I have two re...

And then finding an experienced active investor and putting passive IRA money into a deal with them and learning the ropes along the way.First of all, does this sound reasonable?

I'm sure others who are just getting started would like to hear the opinions of the experienced investors/ contractors in LA.

My team & I only have a few deals under our belts & would love to have some more experienced real estate professionals in attendance. 

And until you have a proven track record, you are likely to have difficulty convincing private backers that you are a solid investment.

And until you have a proven track record, you are likely to have difficulty convincing private backers that you are a solid investment.