Expect that anything you tell them they'll tell the owner (which could affect your negotiating position).

This is where you propose a long term deal structured as a payment to him from your positive cash flow. 

Does everyone that wholesales with a license also hold full time agents positions at a brokerage?

Stay motivated and positive people.

The position is flexible and can be 1099 or W2 and would work under our leasing coordinator to add more opportunity to show properties we have coming up for lease or currently vacant. 

Seems like it is difficult to have any positive cash flow this way but I suppose once you refinance into a conventional loan this would improve. 

Once I deploy I will be able to rent out the fourth unit and ideally receive positive cash flow from all four units.

@Sean SloopBoth you and your relative would likely be in a better position if he was a lender, as opposed to a co-owner.

It does not really matter what you have to pay if your investment still makes your minimum percentages on your most important financial categories and still makes a positive cash flow, whether its 41/2 or 12 percent on the interest rate and any applicable points. 

@Kris Wong so the key to Austin is appreciation more than cash flow positive unless you are doing a sizable down payment?