@Julio Garcia ooh I love the idea of duplexes, but alas my area doesn't have them and I am not quite ready to venture out of state.

The downsides are they may charge you points and fees that you don’t get with private lenders, their rates might be higher, and you usually won’t get the entire loan amount so you need a second source for additional capital.A third method is an equity split, also called a Joint Venture or “JV” for short.

Congrats to you and your family for this new venture.

I’m willing to work with you anytime just to gain more knowledge and venture in on deals

I would appreciate it  if  anyone can assist me in my venture.

Hello,
In our current situation for the first property we are seeking, I am the managing partner handling all the prep work and day-to-day operations with an initial cash capital contribution of $20k, and my business...

The partnership return needs to be filed before the partners/partners can file their tax return.The Joint venture will need to apply for an EIN which is then used to file the tax return.

Here I keep track on deadlines, planning scheduling, cost, and organizing the workflow to get as much done in as little time possible.

Prices are crazy up there, but if you ever venture up that way let me know and I'll be happy to share what I can.  

Also, thanks @Taylor L. and @Levi T for the reminder that this is likely a security offering.There are already a lot of great information on this forum on whether one's venture is syndication or JV so in case anyone who reads this one and have questions can refer to this post or this post.