I'd love to get the thoughts of anyone with some experience in working with partners for flips.

What's also great is you can use an FHA loan with only 5% down to get into one of these deals, provided you live in one of the units for a minimum of 1 year.Unless you have a partner with some capital, your going to need some money to get started, even with wholesaling (regardless of what the guru's say). 

@Matthew CopelandBased on the numbers your presenting "only have $5,500 or $11,000", seems like your planning to begin by maxing out 2017 contributions for yourself (5,500) and a "partner" (another 5,500).

I am wholesaling with my partner and everything is doing well for us and we are persistent and progressing quickly.

You could just go in as partners with your friend.

I plan to break into real estate by house hacking and then going on to build out a strong B&H portfolio. 

My investing partner and I are looking to attend a RE auction to find great deals on multifamily properties in MA and NH.

@Justin Windham For Spousal participation the spouse has to be a partner or employee in the LLC."

Recently, while on vacation in Florida, I met a very promising potential investment partner for a fix and flip SFH.

Ken Virzi Keep then flowing Ken, I've heard too many horror stories with lawsuits here on BP with partners.