Any tips or strategies for investing with partners because I haven't really seen much on that topic?

Thanks for this strategy.

I came to BG to see if there are any reviews of this guru's strategy. 

My strategy is to do a lease-option on the property. 

@darrell welcome I am fairly new to investing looking into the buy and flip and buy and hold strategies.

I know it isn't necessarily required, but it seems like a good vehicle to write up a clear strategy, divide ownership, and mitigate risk.I know an LLC can't purchase a property.

Also, you should look for opportunities to buy below market and force some appreciation, so that you are not 100% dependent on cash flow to make all your returns, you will be insulated to some degree from short term market fluctuations, you create multiple profitable exit strategies for yourself, and your cash flow numbers should also improve to boot.

My possible strategies:1)  Take out a home equity line of credit on the condo.

My strategy would be to hold onto this property for 20 years while my parents receive the income and then cash out when the market is right.Rent: 8% gross salesCap Rate: 6%Base Term on rents: 11 years with 3 10 year options.In my projections I'm assuming sales increase 1% a year below 3.5% inflation.Using this conservative assumption IRR is close to 9.5% over 20 years (assuming an exit value with 7% cap).Does this sound like a good investment strategy?

We had some fun and made some money but I think a better, long-term strategy for that home could have been as an Airbnb rental or even a house hack.