Hard money loans would be capable of helping an individual without any experience and no money to begin but as Anthony said there are many restrictions that come with it. 

Or must both partners need to be able to qualify for a loan individually in order to do this?

Besides that there are deadlines to all three offers so if I start countering individually I will miss out on the opportunity of countering the others. 

My solution: I charged ahead and took leadership and ownership of it, and kept him in the loop.  

I am under contract for my first property this year and I have heard from several individuals that investors should try to use local banks when they are able to do so.  

Chris, hopefully individuals with experience in pitching partners will chime in. 

Because individual owners are not as savy as others in the business, they tend to sell with the idea of getting cash in hand quick.

However, OAR is currently sponsoring legislation that will allow for individuals to take all of the pre-license courses online.

While federal and possibly state taxes still apply to the distribution even when the funds are used for the purchase of a primary residence, the 10% early distribution penalty if you are under age 59 1/2 does not apply when a distribution is taken from an IRA to pay for certain first-time homebuyer expenses (subject to specific dollar limitations) (IRC Sec. 72(t)(2)(F)).A qualified first-time homebuyer distribution is any distribution received by an individual to the extent that the distribution is used by the IRA owner before the close of the 120th day after the day on which the distribution is received.

I'd love to connect sometime and pool skill sets or just talk shop and meet a like minded individual in the area, especially one familiar with the insides of properties as I'm able to force most of my appreciation on the exterior with lots of free material and excess stone and plants and such from work with a large network of landscapers and suppliers around.