Use it to infinity, but NEVER spend it.7 - Learn the meaning of this series of numbers:  1073741824, memorize that string, and apply it to every decision you make in your REI.8 - Flip your seed money, take the profits and add them to your seed money until you reach the number needed at the time as defined in your Plan.9 - Continue to flip your seed money (use it), but now spend your profits to eliminate personal debt, and to buy cash flow properties to cover monthly bills.10 - Repeat 5 - 9 until goals are achieved in your plan, then......start another Plan with a different set of goals...using the seed money that you still haven't spent from the first Plan. 

I'll help clarify the loans a little here:Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

But you'll need some type of start up money in 99% of the properties you face.Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

If that's your situation you may want to look at a conventional loan and a great insurance policy.I can't speak much about partnerships I've not done oneDo you have a formal business plan with well defined objectives written out?

Our local city's code does not preclude a walk-through space being called a bedroom, but I haven't been able to determine if there was a State or other code that might further define what a bedroom is. 

.- And we did minimal work.The point I am making here is that your path will define your strategy.Your path will reveal itself based on your decisions, views, strengths and opportunities that you will create and will present themselves.So don't stress it too much.You will come to find you won't have many options when it comes to starting.

@Matt Ferch It might be hard for someone to say definitively what is right for you without knowing everything about the two of you and your business agreement but I'll give some quick outlines here and some more things to think about further down:Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

Which I guess varies based on how that is defined.

If you can not find anything in the policy then I would ask your agent to highlight in your policy where it defines meth labs as a pollutant or excludes it from being considered vandalism. 

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).