It's abysmal and you should run the other way in terror because houses like that are alligators that will eat you alive rather than fund dreams of passive income.Plus, it just doesn't scale well. 

How is that a person who has absolutely no funds whatsoever break into this business, because there are people out there who are looking to build their futures through real estate, because they know their employers aren’t going to set them up for retirement, and they’re living paycheck to paycheck.

Want to leverage the equity to pay for the reno plus fund a down payment on another property, probably a four-plex in the Springs.

So I’m running out of funds for more acquisitions.

the agreement is that once i fund the home owner , that i will be the only and first lien holder.  

I am looking for funding for my small new construction project. 

The guy who wants to partner with me basically wants to use my knowledge while he uses his funding.

At this point im not exactly sure whether the funds will be used for an  flip or rental, but if I go with the helo, the plan is to pay It off asap. 

I'll put about $8k into some low expense ETF's to hopefully earn a little interest but more importantly be usable as an emergency fund for the rental. 

Included should be professional photos, marketing on all avenues, showing the property, they have an application, they present applicants to you for approval, they generate the lease, collect funds, and provide keys to the new tenant.For turnover, I recommend have the realtor visit the property and create a condition report, which reports to you just that, but you want to know what needs to be done to the property to get up to rentable condition again.