One thing to keep in mind is that different states can have vastly different regulations around lending and borrowing, so lenders may operate only in specific states vs. nationwide. 

This is not an uncommon business plan, and it is usually carried out by operators who are poorly funded. 

I'll definitely need her to partner and owner finance in some capacity and in since I'm not strong with capital (yet), I want to show up as buttoned up as possible.My question is how to come up with a rough sketch of projected operating costs? 

Beka Shea has flipped more than 60 houses and owns and operates a marketing consulting company.

In terms of partnerships, LLCs are great as you (read as "your lawyer") can write dispute resolution tools and processes into the operating agrement.

I've formed my LLC, built a website, built most of my systems, and opened my operating and trust accounts.

Im new to MFH investing but working with a couple operators for acquisitions in Tulsa.

(Reserve)- $76Operating Expenses- $613Net Operating Income$1,026Capital Expenditures (Reserve)- $66Total Unlevered Cash Flow$961Mortgage- $668Total Net Cash Flow$292

I can operate it as a normal shower with both hot & cold water but not with all the fancy options.

At the urging of gurus and even new investors who haven't yet gotten their feet wet, many people jump into the real estate game with no knowledge of state and federal laws, contracts, costs of operation, insurance, maintenance requirements, etc.