My good friend (who has some experience) and I have decided to team up and work together at creating a strong portfolio. 

You should consider joining a team that offers administrative support for part time agents.  

The lenders in my market are looking for the buyer to be clear on their ability to manage the property (you or your team), the reassurance they will get their money back (you may have to personally guarantee the loan) and the typical numbers (CAP, DCR, age, condition, etc.). 

I am part of the team at Rapid Housing Solutions in Denver and our goal is 50+ fix and flips this year.

. :)and then you try another and its another 650 one guy posted he lost close to 5k and finally gave up.. others have lost EM because the properties did not meet their criteria..also other posted that you have to front the contractor payments then get reimbursed so you need cash for that.so guess its 100% but not really.. if it was me I would find a money partner for your equity and try LIma One or lending home or Vizio those are all nice people to work with.

Hi Biggerpocket Team!

Maybe he needed it for climbing the ranks of his sales team, I don't know.Find it hard to believe people randomly spend their time entering in information that doesn't have an affect on them. 

Who would like to team up and meet up?

Essentially they charge for the water that was lost, but not the corresponding sewage treatment cost since they didn’t treat the leaked water as sewage.

Kinda got lost at the first part of your email that says " you can get" I take it you do not own it now, how do you know if you can get it for 40k, do you have it under contract?