I know I missed out on a great opportunity in my career because of it.Here you have an opportunity not only to make a healthy return, but partner with someone who sounds like they have a thriving real estate business.  

As you build a track record of doing some deals and knowing the area than talk to friends and family about joint venturing with you on fix and flips and you can use the wholesale properties you passed on to other investors as a way to show you learned the area.

. $250k if single, $500k if married filing jointly. 

I am also looking to partner with someone in this area to possibly do a joint venture deal to get my feet wet. 

We only pay mortgages, and bills together, and we file taxes jointly.

At the time he went through a divorce and his ex supposedly messed up their credit by stop paying on things they had jointly.

If he does'nt accept my cash offer, he might be willing to do a joint venture. if its worth it, I propose to come in with funds to CPR the entire property, adding 3 more homes on the other half and and selling each home individually we split the profits. 

There is no need to avoid capital gains tax because she probably won't owe any capital gains tax.If a single person earns less than $37,450 per year (15% tax bracket or less), there is no captial gains tax due.If Married filing jointly/Qualifying widow or widower, the max income is $74,900 for this 15% tax bracket.

I agree The investor(s) knows your quality of work, I don't see why he/she wouldn't joint venture on a project where you both share the profits.

SLO is sandwich lease option versus lease option assignment LOA You can acquire or control properties with leases, options, subject to existing financing, wraparound mortgages, master leases, master lease options, and othersYou can have partnersr either JVs joint ventures or you can get loans through IRA lenders using self-directed IRAsFor mild rehabs I like joint ventures with the seller where I bring in private money for the rehab and get paid when it sells