It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.

For example, Clarksville, TN (outside of Fort Campbell military base) could be a great option.

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersI hope BP helps you achieve your goals!

I’m a new real estate investor interested in single family flips (to start) and I’m searching for not just a partner, but the right partner, and by that I mean someone with integrity and honesty who is in a financial position to help me quickly make deals happen.

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

based on my calculations, I've decided on term life, 20 years, 2 million.   

I’ve been searching in the Sherman/abilene areas for potentially starting out.

I have spent hours, and days, in search of distressed property and locating a buyer thereafter.

Once you start searching, you will amazed how quickly they show up. 

So, again, we have to do their job and chase the seller for that info.So, based upon our 24+ years of experience with agents in these capacities, we're all for raising the bar!