The other partner will be doing the work (along with myself).

I think the advice you've received is pretty solid (i'm kelly's partner btw).

Hi @Angela Ruiz A piece of something by partnering with someone is better that 0%.

In this way we could stay away from some bank rules on loans and have more freedom to potentially make a lower down payment and have the loan as partners.

I am an active investor and like to partner with architects and builders.

Hi Andre -Of the local wholesalers I've connected with, I've seen it all, but this tends to be what's most common in my experience from them:-Use a flat $25,000 for all properties-Take a completely uneducated and wild guess-Partner with a GC or good handyman to estimateI prefer when they use option 3 personally :)

My mentor / business partner who is showing me the ropes in RE is starting his own property management business after being in the real estate game for 13 years.He is offering me a job in said property management business as an on-call maintenance person, and also said he can pay me to do yellow letters for him (I currently send out a lot of them for my own investing purposes).He said he can either pay me for each letter, or a 10-15% commission on income from any leads I generate (so if I land him a property that he makes $150/mo on, I would make $15-$22.50/mo on each property. 20 properties = $300-$450 / mo total).Either way, he will pay for all the material and postage- so I'll just be taking care of the rest (printing, packing, sending).

If you do, then when you are ready to ramp up you will have no problem finding the monied partners to take that walk with you.One last thing, don't try to do things on the cheap.

Go to the library and pick up some free books, or look to partner with someone who has been doing it a while.That is just my experience and opinion.

Here's my situation:I have been working with a commercial broker for the last two years to find a good MFP, found it, got my offer accepted at 1,365,000.I have a good relationship with a bank, have the lending commitment, have a good relationship with PM, have their commitment to manage the property.Downpayment will be 275,000 and I had initially planned on doing this myself, but now thinking about partnering with one other person.