Im 21 and my funds are low and Im far from 2yr work history, On the bright side I have the possible partnership of my parents that could fill those voids.

Be careful about how the sale and any future project are structured; partnership interests are not eligible for 1031 tax deferral. 

@Evan CarricoYour plan really depends on the applied level of these factors: time, capital, knowledge, skill set, network, effort and maybe some luck.Assuming you are investing in a favorable market for short term rentals (STR), you could use STR partnerships or STR arbitrage as a business model to generate much higher monthly cashflow per property and reach your FI goal in less than a few years with fairly little capital to start with.

Plus, it is a deduction for the partnership, so you're not eating 100% of the cost as it's a deductible expense.

Ideas or templates to craft a written agreement between two parties (renovation person and capital person) for buy/fix/flip projects would be appreciated.  Thanks.

Well, there is currently a short term rental for sale and we are forming a group of neighbors who are interested in potentially buying the property as an investment partnership and keeping it a STR, keeping profits in the neighborhood.

There are many financing options out there including hard money, private money, other investors, and partnerships.

But your LLC has basically created a genera partnership with another investor.

I will read up more and do my research as to how to build those critical partnerships.

If you or your partner don't have the money or access to capital, then you need a financial partner as well.All of this tends to be a simply partnership structure, and as long as all partners are ACTIVELY involved with decision making responsibilities it is fairly simple legal contract.