I can start spreading the word to them.

I used to live in Arlington and owned about a 100 units spread across Fort Wort, Arlington, Dallas, and Lake Ray Hubbard in the 80's.

BUT my point remains -  if your goal is diversification and cash flow, you could be putting your money to work elsewhere, spreading out your risk, and getting the same income (or more if you use leverage, which I pretty much always recommend) as you do now.

You can talk to them about lender credits, and yield spread premiums, in which they will give you money back for closing costs, for a higher interest rate.  

Inviting the neighbors, previous owner, and our team of workers to celebrate the completion of the remodel, with a tour included, helps spread good will.

I like the idea of leveraging my capital, using hard money and spreading my risk over several properties.How did you get started and how much capital did you start with, if any?

If your spread is enough, maybe offer ot pay that portion of closing costs if to work with your's.   

Depending on your spread, you may save some money and then you don't have a true partner but rather an investor.If not, do an equity split.I'd make sure the document clearly outlines responsibilities in detail.

@Brit FosheeThanks for your response. do you mind explaining a little bit more in detail in what you mean by a deal with a larger spread?

Aren't I looking to get money out with a repayment period spread over the longest period of time at the lowest fixed rate I can find?