If their position replicates mine, they can still be good for partnership, but are more likely to be steering their own ship.2) Track Record: Ideally a track record in whatever they are selling.

It's not a question of the leverage on the asset, that's a function of the borrower's capital reserves and the cost of the leverage.

Too many people get greedy and burn their ability to build long term partnerships.

The value is in some way a function of income/income-potential.

Have you found a successful investor in your area and proposed a partnership?  

I enjoyed partnership a lot because you can build off of each others strengths and weaknesses.

Is this enough info to call a local, very experienced and well-funded flipper and offer a partnership on the deal if it can work, or do i need to make sure it can work first and provide numbers, photos, comp data, repair estimates, etc.? 

., C-corp, or limited partnership.  

"Tell me and I forget. Teach me and I may remember. Involve me and I learn." Benjamin Franklin I been learning about real estate for about 4 years now been on BP for about 2 . My major Focus is on adding value to yo...

have you ever been in sales.. have you ever sold cars... do you know how to qualify present and close do you know how to ask for the order.do you understand the escrow function.. do you realize selling real estate in CA without a license is not legal.. how are you going to get these leads.. if 997 is stretching your budget then your only course of action is bird dog.. talk  pound on doors.. but even that takes time and car and gas money especially in LA..being with limited funds and doing anything real estate related in California is a pretty tall order with a failure rate I suspect at greater than 99%.I think if you want in the industry you should apply and get a job as an assistant to a top producer get PAID to learn .. save your money.. then think about next step.one thing I have seen in my years is starting real estate agents who get on teams work for 3 to 5 years build their confidence and bank account then go out on their own.. many to start their own business in 7 to 10 years.Also if your VERY detailed oriented one other way to be self employed is to start at a mortgage company and learn how to process loans..