Quote from @Carlos Villavicencio: Welcome to BiggerPockets!

I dont know anything about which of them put the money up or if it was some fraction from both and don't intend to try to study that out. 

Use HML to fund renovations• During this time, pay holding costs OOP (including P&I with PMI), any left over money can be used to build up next savings fund5.

Specifically in SC, though, I would check two things - 1) see if the ATI exemption applies and actually quote the taxes for that particular property on the county tax estimator tool, and 2) get a ballpark quote from your insurance partner on the particular property.

@Heath Shepard I'm not familiar with the builder, however, with this being a new construction CBS build, there's little to worry about regarding hurricanes and additional protection.

I know quick books will work but I was curious if there is something out there that already has all the detailed costs input where I would only need to add the basics about the property.

This fully renovated 4-bedroom, 3-bathroom home features high ceilings, modern finishes, and a downstairs bedroom for convenience.

I specialize in working with investors of all types in this market, invest myself, and 99% of my investors come from about 2-3 hours away and all do amazing and keep going.

I plan to make 25% down on this home.

Or just start out collecting a fee or hire a third party to manage.As for a buyout down the road, you could put an agreement in place from day one that specifies a set time period that you will buy out the partner.