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.  

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.

*If your aunt was cooperative, you may have been able to form some formal operating agreement... although I am not sure how that operating agreement would hold up in your state.1.

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

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.

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

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. 

There are both dishonest operators, as well as incompetent ones, that could lose your entire investment.

Have your attorney send your contractor a letter explaining your dissatisfaction, any legal, ethical, or moral violations his operating methods result in, and making him an offer BELOW your “target” amountbest of luck I have an attorney that I considered speaking with on this matter, but I’m not sure that he specializes in things like this.