Do a couple of deals with normal timing, pay the lender back, then share the bank owned scenario with them, they might want to partner with you.And in the 17 years of doing business, I have never had a private lender ask for a credit report, an appraisal or an inspection, they did, however, want to see before and after photos and profit and loss sheets of deals I have done (a few of them anyway) Once you build up a reputation of doing deals and using private money, you can get funding fairly easily for regular closings and build a track record with those lenders and they might fund instantly at the courthouse steps

Without an LLC, you guys are effectively forming a partnership where everyone is a general partner.

2+ year history of very strong vacation rental bookings.

Purchase price: $440,000 Cash invested: $135,000 This deal was bought with a partner.

With strong appreciation also comes strong rent growth.

I would like to go 10x mode.What is your best way to find new partner and financial partners?

I would recommend saving up enough money or partnering with someone to get the down payment for another duplex.

You can shadow someone, partner with someone, do a master lease, or start small (single, duplex, triplex) and work your way up.

At any rate, I am here to increase my knowledge of real estate investing and become an active partner in a foundation my wife has already built. 

You strongly may want to consider leveraging the property, as mentioned by other commentators .