Offer to do a 75/25 or even a 90/10 split initially, prove yourself as an experienced operator who can execute projects successfully, and then move on to do a 50/50 split eventually once you have the capital and track record to command a larger share for smaller input.

Your attitude is admirable and I think you're on the right track with getting your personal finances in order.

Everyone above me is right on track!

@Jagger Simon yes you are on the right track.

@Sophie Thomas, you are on the right track.  

I track both rentals and rehabs there.

I wanted to hear some feedback from those who have done or are doing lonnie deals and tell me if I'm on the right track.

That thread can be found here for those interested in reading along: http://www.biggerpockets.com/forums/30/topics/45339-first-lonnie-deal-on-the-right-track-I have received a huge amount of support from people who are testing the waters with their toe but have yet to jump in for fear of the un-known.

After three attempts we try every 45-60 days with a call from the leads manager plus the automated text (local phone #) & Sly Broadcast.We track all outbound calls in Podio know by each day how many voicemails, no msg left, and contacts made happen during her outbound calls.

What's their track record with investors?