The way I see it your partner scenario could have an advantage over a property manager because they have more skin in the game. 

JV with them.All HML want some type of skin in the game.

I've recently jumped into the REI game and I've found out that if you don't have a "employee" job or a W2 in order to get a home loan you have to have 2 years of reliable income history. 

Fix & flip is a completely different game.

Providing the deal and proposing the partnership as 50/50 keeps me in the game by running the remodel therefore allowing me to see a split upon completion, right? 

@Jared W Smith @Darren Browne  I am in the  Bronx/Yonkers area as well and am new to the investing game.

It's the essence of the game that we are all playing here.

If you're at the beginning of your RE journey, then 1) determine how much time you can/want to devote to your RE venture.Here're a few articles to help you decide on that:https://www.biggerpockets.com/member-blogs/10850/8...https://www.biggerpockets.com/member-blogs/10850/7...2) then within the area you selected in #1, pick a niche that you believe will work best for you and personally determined to make it a success. 

Lots of gotchas in the redemption rights game, but lots of good deals as well

My objective was simply to get in the game, and therefore the short term loss was well worth it for me.