@Paul DeSilva, I don't think it's correct to assume that leveraging a property that is paid off to purchase an additional property will result in your your net worth decreasing. 

@Daniela Reyes In addition to your local REIA, check out groups like AAPL (American Association of Private Lenders) and go to lending conferences (AAPL has one coming up in Vegas, PitBull does some...).

The original idea was to house-hack using an FHA loan in addition to a down payment assistance program offered in my area.

No issues like having to foreclose and nothing that required additional funds from IRA.Now I’ve been presented with a different investment - new for me.The JV partner already owns the property and has been rehabbed and currently has a renter.

Sounds like you know a bit about creative deal structuring which is a major addition to one's toolkit.

." :-)I'd be delighted to hear how to be more efficient in finding deals.Thanks for the feedback!

In addition to her, I know of a bookkeeper in Woodstock who has worked with a few other realtors who may be what you're looking for. 

So, in this case you’d pay $185 to $190k, which would require you to make an additional down payment of $5-$10k.

Any additional info they mail to me or drop it off at the rental.

I focus mainly on fix and flip type deals, but do a small amount of wholesaling also in addition to some new construction and buy and hold.