On the positive side, I might use "TIC, TAC, TOE" with your friend, might do a Sub-To, but if that land is marketable I'd be thinking of subdividing 50 acres to pay for my house.

I strongly believe the costs will be a positive over the long haul. 

Learn from your mistakes and turn any fear into something positive.  

For example when purchasing my primary residence we had it inspected, basic repairs, the whole nine yards.

Collecting my thoughts based on your responses, I'm in a position to summarize my requirements better now:# of Units:     5 units or more Multi-Family propertyBudget:        $350kCondition:    Could need rehab or have very good operating cashflow numbersLocation:      Anywhere in the USI'd be happy to hear back from Wholesalers, Property Owners and anyone who has or knows someone who has a deal. 

Listening to the BP Podcasts is a great first step.Only way I would involve my primary residence house on a flip is to partner with someone experienced and successful.

I am  extraordinary, resilient, positive, competitive, a great negotiator and salesperson, and have been successful at all of my previous careers, but, I really want to clarify the first steps with someone who has been doing it. 

My goal is to meet this with positive cashflow through income property investment!

While Jamie is experienced in all types of real estate throughout the southeast, his primary focus has been luxury homes and commercial properties in the Greater Knoxville Market.

I'm a huge fan of going the quadplex route, as that is the max multi-family unit you can have to still qualify it as your primary residence.