Be sure to get a good real estate attorney to handle the structure of the agreement for you. 

Not knowing these items will put you in a great position to FAIL.Once you have a decent handle on your market conditions and rehab number calculations (there are plenty of threads here that I and others have gone into full detail on how to do), then you can comfortably start looking for private money lenders.

And know that people succeed and fail in all of them and that there are options for handling all challenges.

The system itself is cool but I had a third party handling a lot of the behind the scene work like what manychat replies to people that inquire. 

It will give you good practice for how to handle transactions for clients and put you in the client's shoes. 

How are the appraisers handling the market in your area?

How are the appraisers handling the market in your area?

I have a capital partner that wants to start investing in flips with me.He will be a “silent” capital partner only, he will bring the cash and I will handle the project from the beginning until the end.The issue is he lives in another country.I DONT want to open another LLC in partnership with him.He will open an LLC and bank account here, under his name.I will buy the properties, under my name.How do I get his share paid since the property will be in my name?

Explain your situation and what you’re trying to do and see who can handle your particular situation best.

If that's not the case, though, you would be taking on significant risk of not being able to handle emergencies if when they occur, and all/most of your cashflow may be allocated to rebuilding reserves (in which case...is it really cashflowing?)