With the hold periods on BRRRRs nowadays, your margins will get crushed with hard money interest payments/points/fees. 

What can go wrong, how to prevent those things from going wrong in a JV and tips for ways to solve those problems when they do go wrong.As a JV money partner, those are the most important issues.

The days of cash flowing and not leaving any money in the deal is gone(unless it's a unicorn). 

For the second property, I would expect to have to put money into it in some fashion.

We have and do lend in Birmingham and have seen lots of folks buy 45k houses put in 30k and expect them to be worth 120k-130k but they are actually worth 80-85k. 

@Huong LuuIn my opinion, presuming you need the money - it is better to cash-out refi the property.  

Raising money is all about marketing and sales (not real estate specific) so either hire marketing agency and read sales books, or hop on some LinkedIn courses on marketing and sales.Not sure the legal structure to use: talk to accountants and attorneys.Need deal flow: talk to brokers and go to a lot of networking events.Lending terms: start calling banks and loan brokers.From there, it is all risk mitigation. 

That way, they don't waste their money if they know they will fail.

What REI don't get, is equity is actually what you are paying for a property. 

Yes, they are actually selling individual units as well