Better to own a smaller percentage of projects that perform well than own greater percentages of projects that perform poorly with added stress. 

3) Are there any common pitfalls I should be aware of as a beginner in wholesaling and real estate investing?

As a beginner, before learning about all different types of lenders, I purchased my first investment property under a conventional investment mortgage in my own name. 

Additionally, TurboTax won’t be able to handle the more advanced calculations you’re trying to perform.

However, if we did invest out of state, it would go against a lot of beginner best practices.Thanks!

Buying in an HOA especially at that price point that will prove to be a good performing asset will be very difficult.I curate a weekly list of the best performing STR properties in the Tampa Bay area - DM me if you would like me to add you to the list.  

You take the "free" proceeds from the worst-performing properties or ones in need to the most work and invest them into better properties.

Even in the midwest which offer nice beginner markets where one can get in for under 100k on purchase, you will need 40k+ and the more the better. 

My question is - how do I prove in the time log that I performed a particular activity?   

For $250 minimums, and only $9mm of GAV, probably not really too much concern.If their platform starts growing exponentially, I would be concerned about their focus to make sure you investments continue performing when they are likely to be very distracted by SEC investigators.