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.  

The way I was explained it was your net operating income minus depreciation yields your net income and you pay tax on that.

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.

This is exactly the sort of thing they would handle for you seamlessly.

Our swift funding process meant there were no delays, enabling us to complete the same-day purchase and resale seamlessly and achieve rapid returns with Rod King.

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

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...

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