I understand the general concept but I am not comfortable enough yet with the details to accurately explain the positives and potential negatives to my client.

I have been on the phone with some mortgage brokers today and much of the feedback has been that I will need to find KP's if I want a non-recourse loan.The loan on my other property is recourse through a local bank.The broker stated that both for net worth requirements and also for experience.My question is for those who have done the same thing or maybe even for some who have been KPs on deals themselves.What is the best way to target someone to join on as a KP on my deal?

There are a few really positive benefits to this strategy that I wanted to share

Any other advice/feedback is welcome!

Grant street group and ********** are two sites that run tax sales for many counties around the country.How much to start with depends on your financial position.

They interact with contractors on a very frequent basis and my experience has always been positive when getting contractor referrals from local decorators.  

Hi @Deven Wolfe In regards to house hacking if you are using a low down payment, it's not really realistic to expect to be cash flow positive.

@Phillip Williams Oahu may be difficult to find positive cashflow, but there are a few options. 

Thank you @Mike D'Arrigo I have followed your posts and appreciated your feedback on the KC market 

Are you cashflow positive?