. #2 I would recommend looking into more than just one market as it could limit your deal flow or partnership opportunities.

First hand experience and mentorship/partnership two biggest/best ways to educate yourself. 

If things go well it could open the door to furthering the partnership and investing even more together in the future

Partnership?

In my businesses separate from real estate I’ve seen the benefit of partnerships. 1000+ units would be amazing.

Draft an operating agreement that will lay out terms such as ownership % between each partner, responsibilities of each partner, what if scenarios(if one partner dies), how long the partnership will last for(5, years, 7 years, etc, indefinite)Tax side - there will be a partnership return filing requirement.

@Jordan MeyerThe great thing about partnerships is that everything is negotiable.Now if you are asking for a suggestion - Investor #2 is bringing cash and only like a lender.I think most lenders like would like somewhere between 5% - 10% rate of return annually.What is the projected return of this multi-family deal?

That being said, real estate is all about partnerships and there is great opportunity to buy when everyone is running.

Your best bet:1) Identify the value you will bring to the relationship2) Look for someone with the funding who needs that value3) Form a partnership with that person to be the GP on the dealGood luck!

Additionally, I learned a lot more about managing a partnership during this project and will learn from the mistakes made.