I recently got a bid on a project from some non-flipper friendly contractors who basically gave me a bid that was enough to just build a new house with.Hopefully I can get some quick responses otherwise I could potentially lose the deal.

I'm looking to do REI on a part time basic for now being that I have no clue where to start .

It's all pretty basic stuff.

It seems like basic business strategy to me...goals and objectives, etc.

It is basically a 3 bed/2 bath upstairs and 3 bed/2 ba downstairs with a studio over the garage.  

The number is approximately $30,000 to bring the house to basic "turnkey" condition.  

Hey ChrisI think the question you need to ask yourself in this situation (where your equity partner is bringing 25-40% to the table...the down payment basically), is "what value do I bring to the table?"

Basically My job is to find the deals that are so good, that pretty much any cash buyer will take it, as long as the numbers are ran correctly.

Basically you own a property with 100% leverage???

My goal was to have him hire subs, mange contractors, bid jobs and basically handle the rehabs for my flips and rentals.