You might want to join a syndication as a limited partner and get your feet wet.  

However, there are  $ limitations if it is under 6000 (generally) LBS. 

If they are investing with you, you could form a partnership for each deal, where you serve as general partner and control day-to-day operations while your limited partners (investors) provide the capital. 

Kathryn -  obtaining a loan through a lender  will normally require  2 years of  history of  consistent  positive income …...so if the plan is to use this  method of  financing  - keeping  the job is beneficial …..if you plan to use the more creative methods of  financing deals - then this issue isn't quite as important  the other lender issue to be aware of is that many lenders  have a limit on the  #s of properties  with financing an applicant  has in their name …...some cap at  7  ...some cap at  10 ...some may not any cap

@Nicole Richards Many of the answers you are looking for can be found here: How to Effectively Conduct Joint Venture Agreements as a Real Estate Investor596231-how-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesGood luck!

Everyone has a past, and everyone has their limits of what they will/won't accept.    

Depending on the pocket of the city the house is in, appreciation might be limited, but the cashflow is substantial. 

The federal lifetime gift limit is 5.5mm so we would just add/remove members on the LLC instead.

The benefit of QM's is liability protection (from the borrower) and limited requirement to buy back loans.Non-QM's are anything else including seller financing and hedge fund loans.

It provides horizontal plates (fire-stop or draft-stop) at each floor level, which limits drafts within concealed wall spaces.