Hi - just starting to get into the BRRRR deal concept - here is an example of a deal that I am getting.I am considering doing a flip vs buy and hold. 

The intent is the sponsor needs to know enough about investor to feel comfortable the investor has the financial knowledge and acumen to properly evaluate the potential risks and benefits of any investment and the financial stability to invest capital for a 5 to 7 year period.Topics of discussion with sponsor would be:Income, credit, job stability, prior investment experience either with real estate or other asset types, education level, occupation and profession, amount of savings or funds in retirement accounts.Hope this helps.

Here's my situation, I was going to start a position as a project engineer this upcoming Monday with an annual salary of $72,000.

Him and I would be 50/50 as we are both a little shy of that much financial responsibility to start alone. so our options so far are....

It's so easy that you really don't need anyone, but an escrow company involved in the transaction, so you would be saving lots of money. 

The short answer is yes utilize a heloq if the numbers work.I would get the heloq to have available but use your cash for now do you aren't paying 8% or so for the heloq money.Then if you need cash you can tap the heloq only then.This will save you a lot on interest.You can't deduct the interest on upgrades to your primary residence until it becomes an investment property.

Sounds like you are starting at the beginning so I would recommend you get Avery's book and start reading through older post on this forum.

You would skip your October mortgage payment New Quote: 5.75% with a monthly payment savings of $230.

I've started with Zillow, but would appreciate recommendations on other platforms that actually get results.Thanks in advance!

Here are some things to consider:Are you doing this as more of a side hustle or do you want to start a rental mgmt business?