We talked about the pros and cons and he said I had to meet his partner, Ron who is a part owner in a CrossFit gym and sits on the board of a sports marketing and gaming company.

REALITY CHECK: THIS BUSINESS IS HARD.Wholesaling and buying houses off-market is a sales game—and sales is brutal.

What is the best way to handle it so that both LLC members have a skin in the game?

How do we get back in the game while minimizing our risks on one income and with two kids?

That’s a different game.

Obviously it is always a good idea to respect folks time, but find someone who also has skin in the game, investing where you are investing, can talk about their experiences, and also has built a network of folks who can support you after the transaction as well. 

Examples of lists: lis pendens; homeowners who purchased before 2015; for-closure list; probate; to name a few.This is a numbers game so you'll want to build out a sizable list in order to have good lead flow.

Happy to chat and get a game plan in place for you or answer any other questions you might have.

If you like help structuring this deal differently to give you more leverage, let me know, I've worked with new investors on game plans and seen others start with 90% LTV on their very first deal.

STRs work best in tourist-heavy areas with high demand, while LTRs perform well in markets with stable economies and diverse job opportunities.