However, I do not believe she is the right fit for my next venture, which is building spec homes and finding rental properties.

If I were you I would attempt to do a few deals on my own or see if you can joint venture with a local investor.

I have borrowed 100% of the purchase and 100% of the rehab using private money when I started, but I did already have a couple years  track record under my belt so that helped, plus my deals had large spreads which also made the LTV lower.Yes, you pay the contractors, but if you borrow or joint venture to have all the funds, the money does not have to be yours.

Well with that being said.....it seems like wholesaling my be the way to go for the moment.....as I continue to grow and learn I can venture out into other areas.

The 10% option is usually only available for primary residences when it comes to conventional loans with low interest rates, so investors will probably be happy to go on this venture with you as a silent partner.

The average tag price on  2/2 duplexes in a decent part of town is easily in the upwards of $380k.Questions: what strategy can we use to carry out this venture?

Ready to expand into the market - I need information1.  What Emerging markets for multifamily are solid targets in the western states??2.  Do you have Protocol of Successful ways to prospect & attract value added ...

If you tell them you will put up 30% of your funds, that shows you have faith in your ability to make the venture a success.

I won't venture an opinion on the deal because I'm new yet.

But I wouldn't ever venture a guess as to how they would work in CA as I don't know the state law there.