I would save a bit, look for  better deal and a partner to bring on board.

Do you have an attorney, a banker, an accountant and a realtor who understands investors?

We all have a common interest so that is a great ice breaker and as  @Chris Titus mentioned people love talking about their passions which for many of us is real estate investing. 

Do you have an attorney, a banker, an accountant and a realtor who understands investors?

We have now hit a road block and need help with some questions answered since we don't know this industry at all.1- What is the difference between a Make Ready and a Rehab?

I have a system of 5 mailers, consisting of 3 letters, 1 handwritten letter, and a postcard.

We inserted a partition wall in the large addition on the back of the property to create a master suite, and a family den.

I had TD forward me the paperwork that was submitted to them and as it turns out, it was one page with the entire amount requested in cash hand written in (I had typed in everything on their provided form in exact detail). 

The USA is the opposite, high borrowing costs, but appreciation if timed right.I would recommend building a 800 FICO for FREE and a 80 PAYDEX LLC for a few hundred, saving cash, and waiting for the next bottom.

Never rely on friendship and a hand shake.