If you partner with someone who has done it before on the deal your likelihood of being profitable raises tremendously .3.

What I would say is make sure you buy a property at a discount with a great value add option.

Put yourself in the Sellers shoes… if a buyer is wanting a $120k discount and screaming at the top of their lungs that that’s what it’s worth… wouldn’t you as a Seller just then take the chance and let you go on your merry way and immediately drop the price by $5k, $10k heck even $30k ?

I only buy with cash if the speed gets me a significant discount.Plain vanilla no urgency no discount = mortgage. 

Friends will expect a discount, so you may be losing money.2.

He's expecting a discount on rent and he would likely feel entitled to more control because he occupies the property.I recommend you do not partner with him.

The Federal Reserve holds tremendous sway over interest rates which in turn can affect home prices.

Hopefully he/she can help me with a great lenders, PM's and contractors in the area, but those contacts would be next.I have about 200k to work with and want to pick up value add properties at a discount, complete the BRRRR method and get back my investment (or most of my investment) and move on to the next one. 

I think it’ll definitely help to have as another networking avenue, in addition to the face-to-face networking.The BP community has also been a tremendous help, thus far.

Many agents think that a 15-20% discount on a house is a "good deal!"