If I had stayed in a hotel in the french quarter, I would not have been able to really understand the great history and current dynamics of The Treme'  neighborhood. 

@Amanda YoungShow them your track record, show them how you want to invest their money and show them what they will earn from it.Offer to secure their position with a mortgage, ideally offer some skin in the game too with you taking the first loss.    

Build up your cash reserves and qualify for funding with a soft money lending company ( or hard money if a quick deal)  that wants some "skin" in the game (some of your $20K) - and then, after a few deals, start fix and flips at that time? 

I'm not picking on you in particular, but people need to get thicker skin and stop obsessing over meaningless stupid s**t and pretending it's a game changer. 

Regarding your intent and the 2 year balloon idea, allowing them to clear the estate, and keeping it at current mortgage rate.for interest, is a legit offer, what tends to be the hang up is lately everyone in our area is wanting a sizable chunk down to show you have skin in the game.

How should I structure a partnership with my contractor friend so he has skin in the game and will possibly be handling majority of the flip and I’m essentially just purchasing property and possibly giving money for renovations.

Unless it is a home equity loan of some type, secured by equity in your house, or other collateral-backed loan, a bank isn't going to lend when you have no skin in the game. 

If you think about market dynamics 90% of rental properties in our market are bought by locals...

They have more skin in the game then you do.Make sure you get clear title.

They have more skin in the game then you do.Make sure you get clear title.