My advice would be to team up with a seasoned vet to learn the ropes.

Not sure how rural it is, but there are a lot of athletic teams that like to take off to a secluded place to prepare for an upcoming season or event.Good luck!

After listening to the latest podcast with James Wise it makes sense to add JV as part of my arsenal, since I do have friends & family that have funds and have said they want to get into real estate.My questions is: if as an investor I'm bringing: knowledge, research, connections, finding deals and orchestrating a team (rehabber, R.E. agent, bird dog, property management, etc.) -- and the JV partner is bringing money and/or credit, what should the split be?

The best thing you can do is build a strong team around you and/or partner up with an experienced investor to help you get some skin in the game for at least your first few projects. 

It all depends on the team you hire to manage your investment property regardless of how much you pay for it.

Although myself and my team of investor buyers will aim as low as possible in price, we consider the cost of repairs and the ARV to similar properties within the area, and it will be all cash transactions, and again, there is no need to make any repairs to the property prior to closing, that is what my investor buyers are here for - to rehab the deals I find for them.

Glad to add one more to team Ohio! 

Listen to the podcasts under the " learn " tab.immediate team members you will most likely need upfront:~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Local lenders Real Estate agentReal Estate local attorneyProperty managerContractors: plumbers, electricians, painters, handyman, and etcAccess to Google mapsPersonal scanner and printer for documentsGoogledrive or dropbox for property picsEtc

I literally had to bite my own tail to muffle my screams.One property still has minimum potential the others potential is suspect; both properties were investments he wanted to bid on site unseen; in addition the overall land and property value didn't interest me yet I took one for the team. 

Recruit a team of supporters. 6.