My partners and I have bought for as little as $2K and all in after repairs for $14K.

If they are interested, we could do the deal with them as a partner.

Myself and my business partner bore the entire cost of that default.

Assuming things go well, after a few years he and I will partner on deals and delegate the management of the project (a solid plan as far as I'm concerned until I learn my market, am able to consistently find deals, and finance them on my own, wouldn't you say so?)

Some of the "sold prices" aren't sold prices but transfers between family members or business partners.

Great question Phillip,If I were to start over, I would begin by partnering with a seasoned investor.

This isn't to say that one could have a different strategy if the opportunity presented itself with a partner.

Missed out on this but i hope its not too late.Woke up at 7:30 and went out for breakfast with my business partner.

So the interest paid by LLC will be income for me (51% partner) on my personal return and the benefit on remainder 49% would be the advantage so to say?

(I welcome tips on locations) Additionally I have aligned myself with some super excited partners to embark on some "dolling up" and reselling.It's a great day in Real Estate!