Wanted to get some ideas on how I can incentivize him to be motivated to get the job done for as low as possible without obviously cutting corners.

We have two excellent property managers without whom our long distance investing would not be possible. 

@Cheryl Bunch I specialize in distressed properties here in Houston and I will be more than glad to help in anyway possible. 

I will continue to look for any deals in Dallas, but it would truly help if you can provide me any contacts (if possible) in the dallas area such as RE agents, brokers.And what do you think is the best financing route i should take while buying a property?

I think James brought up a good point about factoring ALL expenses and not just mortgage when assessing a possible rental property.

Stick close to home if possible.

If you are keeping it and renting it out you want as close to a standard neutral palette as possible.

I have several excellent property possibilities and I am now looking for an investor/partner to this end.

I have several excellent property possibilities.

It has also been suggested that I use HUD financing since I would only need 3.5% down payment and the seller could assist with closing costs.What are some possible options that I have to make this duplex deal happen with limited cash reserves?