I’d approach them offering to do things like check up on properties, run for supplies, pull historical property info from cities and counties as well as yard maintenance.

With this deal, I am looking for an investor to close on the house, supply money for the remodel and just take his or her percentages at the end.

Appreciation is due to demand outstripping supply.

If others are supplying all of the money what are you bringing to the deal?

You may even opt to not become a broker as you carry all legal liability as well as overhead like furniture, and paying for office space.

Speak to a mortgage broker, if you supply 1 year worth of income, there should be lenders that will consider it.In the UK when buying a property to rent out, the mortgage is different, it is a "buy to let" mortgage.

@Josh Feldman As usual the answer is...depend on your goals...if you want to leave your job or need extra income then you should go on cash-flow...otherwise you have more options of balancing the two...I am in a market in PA which have both and recently price just appreciated so much (=less cash flow)...making me get on the car and drive to Binghamton on a recent free weekend...I liked what I saw when I got there but unless you like driving...It is quite far from Long Island...I personally find my PA 2.5 hour drive quite tiring and wonder every drive back if there is a better option closer to NYC...that said I am still open minded about Binghamton and started to follow it more closely...did stumble on an article about over supply in the student housing there just after my return but my guess this is true in many student housing markets under the current economic conditions.Couple of thoughts about Student Housing from a distance (after a year in):1.

Some of the furniture I even got for free (like when my parents decided to get a new mattress for their guest bedroom... free mattress!).

Supply is down from last year so that’s a plus for a seller. 

Use the $5k for furniture.