Congrats on getting this deal Harsh.First things first, you should be talking to your attorney and your CPA for legal and tax advise on how to best structure your deal according to what you agree with your partners.That being said, the structure of a deal can take many different shapes and forms and it will vary according to the type of involvement the partners will have in the deal.Are you in charge of putting together the deal, securing debt, managing the operations?

No K1s are involved unless you operated it inside an S-corp. 

Earlier this week I came across someone speaking about the method of Wholesaling as their primary way of doing their REI.

@John Knisely Thanks so much for the the invite, Looking forward to getting more involved in these great opportunities.

@Daniel Dietz I think you'll find that the 721 or upreit exchange usually involves either1. the reit selling you a tenant in  common interest in properties it owns to complete your exchange.2.

@Amy Rodgers There is a huge element of terror involved in putting up a lot of your own money or risking your credit for a real estate investment, especially when you don't have a particularly remunerative job to fall back on.

My plan is to buy single family homes and utilize the BRRRR method and to get into notes. 

As for rentals, there are a lot of different methods for determining whether or not a property would make a good rental and how much you should offer on it.

After listening to numerous BP podcasts we've decided to take action and get involved!

I welcome advice from anyone since I'm a total newbie.My professional background is in tech sales and finance, but I can't wait to get deeply involved in real estate.