Also, you probably need to narrow your search geographically.

Hello BiggerPockets, I am looking to buy my first investment and have narrowed down my options to buy and hold/BRRRR multifamily.

In most B and C class areas, the commercial space is not viable as you have to have pretty low rents to attract a small, local business to open up.

So truly, besides the fact of having 2 sons (A) or 1 daughter (for B and C), there is only that A would sign for 1/7, B for 1/15, and C for 1/30. 

@Dan Deppen...Thanks, these book suggestions are going to narrow down my niche approach.

Clarification: I'm talking <15 units, class B and C buildings that are in decent shape.

House hacking isn’t an option for me and I think I have narrowed it down to hard money or a conventional bank loan based on what I learned reading Brandon Turners book on investing with little or no money.

I don't think A) can be reduced to B) and then to C).A) "The question then becomes, how do you analyze value for Investor's $49,000 of initial shared riskLocal's due diligence and $21,000 of initial shared risk"B) "More simply putInvestor's $28,000 of initial shared riskLocal's due diligence and $0 of initial shared risk"C) "orInvestor $12,880Local $0"C) ends up showing 100% risk+investment of time+$ on the investor side, and 0% on the local side.

It amazes me still that I was able to sign a loan for 850k which is quite a bit more than I have made in my 13 years as a band director!   

If it still makes sense, narrow down some properties which you like and would make an offer on.4.