It will mess with you naturally, you might think someone is going behind your back closing deals et...And last you guys need split EVERYTHING 100% and make sure your partner understand finances and what it take sto keep business flowing, if hes bad with money and you are, you will end up fronting every time mailing need to done etc..And it will hurt your relationship...Both you and your partner need to know, it cost to keep phone lines on, buying your mailing list cost, sending mail will cost, you might hire a couple VAs to do small things.. that will cost,  cleaning your list up making sure your addresses are correct will cost, going to see clients will cost you..Theres alot to having a partner so think of these things when you get into business with someone...Iron all of these out from jump..And of course things happen maybe a family emegengy and your partner cant afford to put as much everytime...Just make sure you work all of it out...

My question is:  I can not afford this property unless absolutely no one else shows up!  

Legally, I don;t know what you can't or can do if they already live there, but it may be nice to know (if a tenant works at night and sleeps all day, for example).Second, I would think of a creative way for them to get a security deposit.  

You say you cannot afford the rehab costs or a loan but do you have any money you can use to at least get started with the repairs?

I'm worried because I really can't afford a 40,000 down payment on a conventional loan.  

As many as you can afford.

By making it an affordable Meetup group (without Guru’s involved), It could potentially gain huge popularity.

Further, auction buyers as a real property owner have a statutory right of notice to a senior's foreclosure, which starts the clock of redemption that must be afforded or that owner can contest the foreclosure all together.  

@Linval T.

As a hands on individual who lives at the outer edge of a major metropolitan area, I'm curious if investors from the "big city" who are looking for more affordable markets would find benefit in the assistance of a fellow investor native to the area (to help vet properties and/or act as a property manager).