I'm willing to split all deals 50/50 or even 60/40 as I have a full time job and I'm more interested in obtaining knowledge to support myself for a lifetime. 

How do I obtain a P&S and any additional paperwork/documents to complete the deal?

Im sure something like this has already been covered in the forums but I just have a couple questions..I have private investors lined out for 9% APR (Interest Only), which I will use their capital to buy multi-family units. 1 year after obtaining these properies I want to refinance these properties and pay off the private investor funds while taking longer term mortgages at lower interest rates with a bank or mortgage broker.My questions are: 1) are refinancing multi family units more difficult than single family homes?

I just obtained a loan for a 43k purchase (36k loan 15% down) from a local credit union.

Know every distressed property around you and become familiar with how much it will be to rehab it to obtain market value.  

I am learning a lot from the BP site and it is helping me inch closer to my goal of obtaining some income properties.

The security agreement states that you are to follow a judicial or non-judicial action to secure collateral, your side agreement contradicts the agreement made and requiring a deed in lieu of foreclosure to obtain a mortgage loan is an undue advantage to a lender in practice, or predatory lending.Lenders need to be aware of "life occurrences" death, incapacitation, law suits, divorce, bankruptcy and other matters where things can happen to a borrower or where a borrower becomes involved in something where they seek legal advice, like estate planning or a partnership matter.

All can, and usually do obtain 100% financing, which leads me to wonder about this claim.No "Big Dog" would ever pay 70% or 80% of ARV.

If that is the case, this is quite common and yes, you should make the offer contingent upon your physical inspection of interior and purchase should be subject to you obtaining possession at close of escrow, i.e. seller to deliver property vacant.With REO properties, you always have a better chance going direct to the selling agent.

As soon as I ask them to have their "friend that does" contact me in person so I can perform due diligence on them, they go silent.I have personally found the experienced flippers I lend to tend to want to obtain 100% financing from a private lender like me.