However, recently a good friend of mine from church (who happens to have an extensive experience in RE) offered me to partner up to help me start and without me having to put any money, just asked me to contribute to him by finding a low cost deal, help with the process and he promised me to split profits equally if either selling or holding.

Third, don't put all your eggs in one basket.

Once the renovation is done, they look into long term financing based on the new appraised value of the property, allowing them to recapitalize most if not all the money they put into the deal.

Additionally, the retail sector continues to reel under the pressure of an accelerated shift to online shopping, further exacerbated by the economic repercussions of global challenges.Moreover, the financing landscape has tightened, with rising interest rates putting additional pressure on property owners struggling to meet their financial obligations.

If I was a landlord I would ask for two months deposit plus first months rent upfront to show your commitment, then rent to start 4 months from lease signature.  3% escalations a year and an option to renew for another 10 years assuming all rents were paid on time.  4 months puts the pressure on you to work full time to get the place where you need it to be. 

You guys put that stuff to me looking to buy my properties, I’d try to politely laugh you away…What’s supposed to be rule#1 in trying to do “creative deals” is finding a person with a problem that can’t be solved with the traditional sale, and solving it.  

@Janani Rangaraj unless you put down more than the standard 20%, you're unlikely to have positive cashflow.

I usually would put the appointments 15 minutes apart, and do a few at once unless I get a very good feeling about an applicant. 

Furthermore, when putting in offers on houses, having numerous prequalification letters might give you more negotiation leverage.

HelloI am planning to put an offer on a property.