For me I bought a home in Summerlin and moved my residency to a state with no income tax.. as I generate income in 14 states a few of which have no state income tax.. so that helps. 

Near Covington, WA in King County, 8 Beds, 4 bath, coin operated laundry.

Buying a non-performing asset (an asset that generates no income), that I am only going to sleep in that sells for 6, 8 or 10 times the average income in a particular area, is not something I thought was a good "investment" in 2006, nor do I think it is today. 

Yeah I know fantasy land, keep reading.Cash out REFI is 93,750I get my 45K back because I said so.Dude get's his 5K back.I get my 15K in reno costs back.I realize I haven't discussed operating costs while unoccupied, just consider that in the reno costs.That leaves 28,750 on the table.Investor get's 10% of that right?

Because if he was to purchase the property, on day one he would not be operating at full potential and it would cost additional money to bring more houses into the empty lots.

I am operating in my own name and want to step up my game and begin operating more like a business. 

I am looking for suggestions on where in BP or other resources to find & connect with operators, sponsors, etc. who have larger RE projects they are working on.

I would be less interested in finding deals, running day to day operations, etc.If you have been able to form a successful real estate partnership in the past where you are (or close to) a passive partner - how did you find the right partner?

He started out as the assistant manager of trim and became the  VP of Operations for a well known National  I have identified several small lots and a few larger pieces the value is mind blowing.  

(Assume all outside money is just that, money, and these outside investors won't have any active roles in operating/managing any of the properties.)