One guy I’ve known for 30 years completes the purchase in his own name for cash, and turns around and sells sometimes minutes later.  

It cash flows but is very tight. 

i want to keep the group small. not like industry scale crowdfunding.if I can find a property which has okay cashflow (which is hard anyways). and can collect around 10/20 people who wants to invest some cash each.I build a company to own the property and give each person a share. and give yearly dividend to each, until sold.

Cash out refinance is usually recommended if you are lowering the interest rate.

Has anyone else paid more for a property because it offered better intangibles vs a property that had better cash on cash?

Meaning if someone gives you $500k and you only are using $100k, you are still going to be paying some fees on the $400k because the lender needs to keep that cash on the sidelines.You are better off getting either DSCR loans for each or hard money at 12 months and interest only with extensions but realize that money will not be cheap. 

Purchase price: $160,000 Cash invested: $52,000 Sale price: $240,000 BRRRRUsed OPM How did you find this deal and how did you negotiate it?

While MLS remains the primary platform for on-market deals, the majority of deals I encounter originate from off-market sources, often through wholesale channels.When you say wholesale, someone(wholesaler) finds a homeowner who is in need of cash quickly or cannot go through traditional process of selling their house for some reason, and then the wholesaler finds an investor to buy the house who will pay in cash? 

What are other questions we should discuss in advance.any advise, any sample document.Thanks look at 10 joint venture deals before you do one. talk to others in other markets. if he isn't smart enough to negotiate capital or JV deals or structured finance I wouldn't touch him. every cost should be fully transparent with their margin. similar structures with investors in columbus we are the general and everything is negotiable. he should also be qualified talk to a bank first. we take title in a single purpose entity we are the LP less than 20% and the qualifier and the main investor puts the cash and gets the loan, I'm also licensed and normally sell to out of state investors. 

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.