But in reality your partner has a loan at 8% so now when the 1.5 M lender is looking at the deal it is not truly structured with there being "skin in the game" since the one partner is really a lender.

So, John, you're a smart guy and comfortable in your skin, I totally agree with your thoughts!

Since you are bringing capital (which was not discernable when you said "he brings the capital") you have do have some skin in the game.

Probably not happening, you have no skin in the game and why would a lender want to give you a loan for 10K more than the property is worth?

Imo itll force me to be motivated since I have actual skin in the game because if I dont sell in that time frame I lose the money and cant get it back.

You shouldn't have an issue getting hard money loans as long as you have enough skin in the game provided you have evaluated the property correctly yourself.

The doomsayers and dreamslayers have been kept in the dark and I no longer share my visions with them, especially friends and family.

I left the ceiling alone since it was actually in pretty good condition (Ceiling white color).

And based on the pretty colors in the zillow map it looks like it could be a decent spot to find some cashflow.And here's the plan.I am going to tap into the equity of my primary residence.

Im thinking to compose list of items needing work, get estimate for materials such as paint colors, flooring, etc we want then call contractor for bid.