So I started with cooperative assignments, which enabled me to raise much needed cash and then branch into other strategies, buy and hold, fix and flip. 

However, you should always do some market research, talk to an attorney, and be knowledgeable about the law in NYC.

I can appreciate that advise but being a Realtor and and My Dad being an master electrician (with a much broader knowledge base that goes more into being a GC without a license - and no we won't use him as an unlicensed GC) I feel pretty confident that we can do our first flip and be successful.

These methods are designed to fail.Keep This in Mind:The issue isn’t wholesaling.Wholesaling is just getting a property under contract below market value and assigning it to a cash buyer.

Investors who aren’t experienced, knowledgeable nor sophisticated are taken by suprise that their “promised” return hasn’t materialized.  

After that, you assign the option and they exercise the option. 

Would love to connect and knowledge share if you are interested.

Deep knowledge of tenant segments and their behaviors is essential, and this expertise comes only through a good property manager.

Working with someone with proper knowledge about the market you're looking in is imperative for this.

Is it one investor per deal, then they would act as a private lender and that typically includes a note, deed of trust, loan agreement, personal guarantee, assignment of rents and a few other docs.