@Joshua Rountree - Not sure what you're asking exactly, but I'll try to help based off what I take away from this.First - the offer would likely have to be under your partner's name since a cash offer will require a POF which the names have to match the POF and the offer - otherwise you could just be taking someone else's bank statement and saying they will fund it with no legally binding contract.

I also need to settle on what type of funding I want to do and get that lined up. 

since i only have 140k to fund 500k+ value properties and values of properties in my area is only around 100k to 160k

Hi guys,I know you've probably gotten this question a million times, but seriously when it comes to RE investing, should I secure the funding first, or the deal?

I'm looking into my first potential investment, I'm looking for any ideas of possible ways to get the capital the list price $550,000 on four units, current rental income $3595/month the property is in good shape has two long term tenants and the other two unit are occupied and I'm currently looking into financing but I don't think I'm going to be able to get a conventional loan any ideas on other possible ways to get the funds that perhaps others have used or know of I'm brand new to all this and I'm still learning a lot.Thank you in advance

If you fail to pay off the 1st and dont have the cash they could foreclose and your funds are gone.

Based on my numbers, it should cash flow pretty well (a few hundred)My real estate agent has some hesitations as he thinks rents will pretty much be capped at 700, it's not in the most desirable area (more of a rental area), and my tenants won't be A+ tenants for that price point.

I have an LLC (S Election) in my state, and I have a friend in another state who has agreed to partner with me, with him bringing the capital for funding flips in my state.

@Liwen Gu, it takes time to set up and fund a self directed IRA so you should set the account up before you start lining up investments.

The part I'm having trouble with is funding and how the deal is structured.