At this point in time I am planning to start a small one man property/flip support service.

I don't have much knowledge on how to go about it but i am willing to learn.Thank you

People spend two years reading threads and analyzing comps, and meanwhile someone with less knowledge but more guts is closing their second deal and learning what actually works vs what sounds good on a YouTube channel.The real thing nobody talks about is that your first deal won't be perfect.

We'll be stopping in Austin, Houston, and DFW and are planning community networking events, a strategy workshop, a live podcast, and an intimate supper club gathering.The live BiggerPockets podcast with Dave and Henry is just north of Dallas!

You need to become knowledgeable enough to be confident in your first visual look at the property.

The reasoning is you can be quick to start (as in not needing the knowledge of true REI's), and it's easier than doing full REI because you don't need a lot of knowledge, and don't need to build a team. 

Regardless the method used to determine each partners value-prop, you've given up control of the deal and a ton of leverage by not establish this in advance.Now, you've crossed that bridge and can't go back in time, so utilizing the structure that @Joe Villeneuve stated is similar to what I've used and works well.

With regard to your comments on pricing control, again, going back in time, I utilized the manuals, and now software, from hometechonline.com for our own in-house estimates and to keep outside contractors honest on larger, farmed out projects.

I know nothing beats learning by doing, and my current deal has taught me so much, but I want to be even more knowledgeable on the next one.Thanks!

Any exchange proceeds you don’t reinvest, or any reduction in debt compared to the relinquished property, can create boot unless offset elsewhere.A common approach in a two-property exchange like this is:Use exchange funds as equity across both acquisitions to fully absorb the $600kFinance where leverage improves overall portfolio flexibility, not just simplicityPaying cash for Property B can make sense if:You still deploy all exchange proceeds into replacement propertyYour relinquished debt is adequately replaced across A + BYou’re comfortable that any later refinance is clearly separated in time and intent from the exchange (to avoid IRS scrutiny)One thing I’d be careful of is sequencing.