Hello fellow BP'ers! Like any other newbie starting out, I too have a lot of basic questions.  I am grateful to this community who likes to kick @$$ and make you get started. Its like having an older sibling that makes you learn things faster ;).   

So, in the quest of finding opportunities and trying to make sense of what niche is better suited for my passive style of investing (which I see myself as), I came across this GC who does everything, even maintain books.  He comes recommended by a very good friend of mine, who I could easily see as my mentor.

This GC guy wants to enter in a partnership (I don't know the detailed terms yet) and want to flip houses and was trying to explain the obvious to me that flipping is less risky than to maintain a long term renter and dealing with their hassles on almost a daily basis, making small profits for a longer duration compared to profit up front (if we really could make that happen!). This kind of makes sense to me and I couldn't come up with any argument to support why rent or even BRRRR would be a better option. Now considering that the terms of partnership are such that I procure capital and he puts in the sweat money, and we split the profits. Do you see any cons with this approach?