My initial thought is to do a HELOC loan and pull out enough to do a flip and then rinse and repeat with the profit from that.

At the initial booking contact message, I tell guests that I will be sending their check-in information to include WiFi password around 4 pm on the day of their arrival.  

Why not just write the initial $50k offer in the name of your company and avoid the wholesale aspect of it altogether?

I think the answer to this depends on the amount of capital you will be able to put into the deal initially.

I recommend staying engaged with the forums and podcasts to keep learning from others' experiences.Given your success in short-term rentals, consider focusing on that niche initially.

I understand where you are coming from, but I am trying to purchase it with technically not having to put any initial cash in except the wholesale fee.

Review the PPM and Operating Agreement: Start by thoroughly reviewing the Private Placement Memorandum (PPM) and the Operating Agreement you received when you initially invested.

They get free rent/all utilities paid and I pay mine a $500 month stipend after an initial 6 month trial period.

The reason for the delay is because I initially thought I'd invest in low cost areas of California like Fresno, Bakersfield, Stockton, Sacramento, etc (due to being somewhat within driving distance of the SF Bay Area) but I held back because California's landlord laws made me very concerned.I didn't want to end up in drawn out court battles with a renter just squatting at a place I purchased with my cash. 

What the law says is often more of a last resort than a first option initially when there is a dispute because enforcing your rights in court and collecting afterwards can be costly and difficult. 2.