I have basically used my income and savings to fund these deals plus the holding costs, and even though I can take my time and have the rehab/s completed at a leisurely pace or so, that is the slow-slow approach and isn't quite the plan I had in mind from the beginning.  

i just sold it for $40k and after commission and fees I brought home $36,900.  

The cops laughed and said I'm doing nothing wrong and I should have brought an eviction notice.  

Do you have immediate access to funds if we brought you the perfect deal?

I assume it's best practice to sign a promissory note to him for the amount he brings to the deal and note that he gets X percent of the proceeds from the sale based on his percentage brought to the deal?  

@Arthur Fuller II I have tried the door knocking approach here in San Diego, but my intention in doing it was more focused on the value of the experience rather than getting a "deal".  

Great place to start is the blog, podcasts and webinars.A more hands on approach for networking is your local REIA.I cannot speak on behalf of any other organization other than Southern CT REIA.

That is a great approach, however you may need a good Realtor and mortgage broker on your side.  

They are fine but just need to be brought into the 21st century hah.  

I worked with a large Syndicator back in the mid 80S in the Bay Area they had a multi billion dollar portfolio.. and what brought them down was this exact same scenario.. borrowing from the reserve accounts from one partnership to prop up the other.. only to eventally lose the one that was failing and leaving the others with no reserves and they started to flounder.this is a Ponzi type thing.. and I would be quite cautious about this.