There are products out in the market now that allow you to cash out up to 75% of current value after 90 days of ownership, no personal income or tax returns needed. 

I never found cold calling to be productive.

I think we've arranged a great deal with her... it's a 50/50 profit split where she provides the finances and we manage the entire project, from using our own guys to subbing out to other contractors if need be, to designing the final product to SELLING IT for NO COMMISSION!

Either that or look into a HELOC for liquidation. 

Most of all,  be sure to establish the "what ifs" should all not go well, like vacancies,  additional expenses, costs, and losses, disagreements among the partners, wishes to sell or liquidate when the other party does not, family succession, etc.Everybody gets along great when times are great and it's a brand new venture.Plan for worse case scenarios to both party's satisfaction before anything happens. 

I'd rather keep it relatively liquid unless the returns are better than that. 

Otherwise it’s a pretty good product overall.

@Timothy Albright yes for fha you would have to make it your primary residence but it doesnt have to be your 1st loan. if you have equity in your current home + $15k liquid you can definitely do a flip/hard money rehab.

Odds are the conflicting information is most likely talking about different markets/products/price points/area grades etc.

You need to really figure out what product type and then do a deep dive into the market to see if it is even feasible.