One idea would be for me to contribute 20% of the funds plus everything mentioned prior while he provides 80% but we split the profits 50/50 what are your thoughts and/or experiences?  

Suppose you could also be purchasing everything for cash but the idea of building a scalable portfolio without using banks is not realistic, at least in MN cities.Flipping is not the hardest way to make money, you just have to know what you are doing and leverage other people like most businesses. 

My impression is that it would be a great idea to become a local agent, and take advantage of the market's current (advantages?)

So, I have no idea where that came from.

If you know the neighborhoods already, that can give you some idea.  

We have an attorney representing us for closings, etc.I am looking for ideas from the BP community on how to structure this type of deal.

I was told wholesaling might be the option but Im seeing that cash buyers may be ideal for that strategy.We are open to any and all advice, ideas, and strategies.

I have been to a few of the "Guru's" in the past few months and am starting to get an idea of how I want to set up my business.  

I then calculate my All-in cost basis (Purchase price, Rehab costs, Holding and Closing costs) using the LTV ratio the lender provides.If it still looks good after the analysis I will visit the property to get an idea of the condition (taking pictures).  

Hi everyone, I just found out about a potential deal that is off the market. I was approached by our local realtor that a family is selling a house that has been in the family for many years. I thought this would be a...