It could be some sort of skill set for renovations, design for furnished rentals, specific market knowledge, owner occupied loan products for a house hack, etc. 

I plan on doing most the renovations myself which requires equipment (such as tools).

-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

And it doesn’t end in closing the deal; it's the beginning of an extraordinary transformation to come with a full renovation and redesign!

Yep, gotta have a great PM that will not only handle the management, but coordinate renovations, turnovers, aquisitions.Go meet them, look at a few of the properties they manage, ask about their systems, processes, etc.

The hard money loan interest rates scared me, renovations were going to go over, ARVs probably overestimated, got out of it.

But I’m 16 years into the game and did all of the maintenance, renovations and management myself for the first 10 years.

Easier to do with a duplex year by year, but when I rented to students I would quickly renovate for winter break. 

To structure a partnership, consider forming an LLC where you handle property management, renovations, and operations, while the investor provides the down payment.

Pick one that is improving, homes being renovated and flipped, vacant storefronts being turned into cool coffee shops etc.Good luck.