They're equity partners with a split of the profits if it makes money and a split of the losses if it loses money.

I mean if the inspector can inspect from the street & they have some sort of rock bottom rebuild amount they cover me for during that 30 day risk window until a more thorough inspection could be performed... maybe something like that. 

Great tips by @Joe Splitrock!

I may be shooting questions your way as I'm still getting my feet wet here in Little Rock/ Saline County area

In KY, we typically do a 50/50 split with landowner and logger.

Hi All,I am in contract with one small duplex in Bakersfield CA area(zip code - 93305) and need some guidance from expert investors to see if these numbers make sense.Offer Price: 100k (1bd/1ba and 2bd/1ba) - 1500 sq ft duplexCurrent Rents: 495+650 = 1145 per monthExpenses = $500 pm(Maintenance, Property management, real estate taxes, replacement reserve, Insurance) Mortgage (Interest + Principal ) = $405 pmCash Flow = $240 per monthCoC = ~ 10%There is deferred maintenance of $10k-15k on the property which I might negotiate to split 50-50 with the seller.The market rents are around $650(1bd) - $750 (2bd) so there is a possibility of increasing rent by another $250 which will increase my cash flow even further.Why am I interested in this property,- With small down payment, I can get my feet wet into REI and learn the overall business (working with property management, tenants, maintaining investment property away from your hometown etc.)- Within my state so I can drive there in 4 hours if I have to.- Planning to buy and hold for multiple years and initially check if it really cash flows (and passively) or notMy Concerns/Questions- The property is 1939 so what if big expense like HVAC or Roof comes up in few years?

In Austin there's Pflugerville, Round Rock, and Georgetown to the North, Kyle, Buda, and San Marcos to the South and Bastrop and Manor to the East.

Sounds like possibly a tear down and lot split might be a better investment.

I'm thinking I should be able to get it done for 20-25kNeeds sheet rock, some insulation, plumbing, all Appliances and cabinets, im thinking laminate flooring. 8 new windows.

Gf/bf split up, gf owned place while bf won't get out.