We had to 'pierce the veil' and have an underlying partnership agreement, bank account in the partnership name rather than Land Trust name, but it did work out to open an operating account for each property.  

I thought that was nuts: I just paid 40k and my coaches suggested I go ask a competing program for advice.There are also a couple people in the program operating their own training for how to do asset management.

I’ve been able to calculate all my monthly operating expenses, lowest possible rent, and upgrades.

We are considering doing a 50/50 partnership where he will provide the management/operations and I would provide the down payment.

Another reason why if you cannot operate locally, you probably won't be able to succeed wholesaling remote. 

If I was going to buy something for my company to operate out of (70% of the property), I would then go for a 7A SBA loan.

Go here and ask the operators yourself: https://www.facebook.com/groups/officialpadsplithostcommunit...

Bigger Pockets is a great place to learn and connect with fellow investors.If you’re looking to invest long distance, I definitely recommend building your core-4 team.

While the perspectives he and others share are valid, they can sometimes turn into trash-talking banter, which detracts from the core values of BiggerPockets.

Some title companies will require an operating agreement, even if sole member, to buy or finance a property.