My position as GP is justified with work experience being that I invest and develop for years, and for putting the deal together and bringing the unique opportunity. 

There were challenging grading issues and limited access from the street to bring in utilities.

Boom we got our 125k back lost our attorneys fees and the sale was unwound. about 150 parcels sold that year in that county and everyone of them could have been over turned but everyone who lost a property would have had to bring their own litigation.  

It’s great that you’re bringing your property management experience into real estate—your knowledge will be a huge asset.

Quote from @Jinglei Shen: I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed  with net cashflow  around $100 to $290 here is one deal I am analyzingDuplex generates $1590 income /month together,purchase price $123,000rate 7.5%, downpayment 25%5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,COC is 8.73%monthly net cash $277this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market? 

If an agent brings a client and buys the wholesale deal, their standard contract is the second contract that the original contract is being assigned to.

See if you can bring value to somebody that will be willing to bring you in on a deal. 

We walked the apartment and found some gaps behind the bath vanity (that may have bringing dampness from crawlspace). 

Which brings us to...Trap 2.

Another $500/month on top and I can bring the payoff down to ~6 years, which matches my retirement horizon.