My biggest advice to you is to just get started.Also since you mentioned Florida: I would be happy to connect with you if you have any questions about it. 

Other times they'll get a pet after the fact and "forget" to mention it.  

-Tenant sends me email claiming they took pictures when they moved out (I mentioned I had taken pictures of move in condition so they got the idea from me, I could see the light turn on when I mentioned it) and that they expect their entire deposit back and that I said I would prorate their last months rent.

If food / fast food / drive thru - the brand needs to go dark and buy out of lease or file's BK - is there a replacement brand waiting in the wings.  

I see a lot of post mentioning being new to the industry and having a goal of 20 houses within year 1 of their portfolio and their starting out with no money at all.

Is it safe to wait and see what the rates change too after the 3 year period.

You could shadow them and see all of their properties in action.It just seems you would have been better off waiting and staying local to buy your first property especially with the low price points.

Lets do it together real quick:80K ARV20K Rehab50K PurchaseMoney borrowed=70K Time borrowed= 6 moHard money Costs=7K (10% of 70K: 2points on front 2 points on back, and 1% a month)Real Estate Commissions=8K (10% of 80K: 3% to listing agent, 3% to buyers agent, and 4% to title work, doc stamps etc)...so the flipper would take 6 months to lose 5K and you still havent gotten paid either...But wait, there's more: Upon further inspection the wholesaler's numbers were wrong anyway, the flip is going to take 32K and the ARV is really only 64K and I can only buy it for 12K (lets say 9K to the seller and 3K to you)12K + 32K = 44K Hard money costs 4.4K and closing costs 2.5K, RE commission is 4KTotal costs = $54,900Sale Price = $64,000Total Net to flipper= $9,100 Joseph, I am not necessarily a mentor, yet. haha but I would be willing to answer any of your questions. 

I am waiting for insurance money to repair the fire damaged property.Can anyone suggest a way that a JV could be implemented in order for me to get:1) $350k upfront for my venture,2) get value for the insurance for the repairs3) after repairs sell the property pay off the mortgage and split the profit and give the investor about $200k for the $350k investment (plus repair cost)Just to want to know if there is a legal mechanism to do this.

There are some other items but those are the big ones that I mentioned.