I think I would have to do a cash out refinance with a traditional bank once the property was repositioned though.

Or do I need to be in business for a longer period of time before considering traditional bank financing? 

I don't want to put up a traditional garage.

You can do this up to 10 times using traditional financing, then portfolio loans thereafter.

@Gino Barbaro  EM  or Deposit money varies.. but traditionally outside of CA it can be rather modest.. 1k to 5k max.unless your in a commercial deal or really high priced..  

Whoever some were not traditional wholesalers plus we do flips, it's not quite right for us.

AND even if they have this well thought out plan, the cost of fabrication and construction will rival a traditional new build. 

I am just if you are open minded to a traditional rental or just student rentals.  

This is the first real boom that the country has experienced and the only resource we have is human so I doubt that property prices can sustainably increase for long.I have listed out several options on piece of paper so that I can help myself decide but would also love your input.Option 1: Buy(without a mortgage) a large rehab traditional house that me and my partner like.

These costs would be charged against the house before profit split.Option #3 is how it is usually done with 'traditional' real estate private equity funds where you can easily arm's length property management fees since there are obvious standard rates when you only own a few assets, etc.Does anyone have any experience with how to allocate and split these operational costs in a medium sized flip fund ($30-50M of equity)?