Yes, you can ultimately own a property with little/nothing out of pocket when you're done - but when you reposition with today's rates even moderately leveraged stabilized assets can be hard to find cashflow with debt service and a realistic operating expense load.

@Kayla Givens Do you own the houses where you operate the SL homes?

*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.

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.

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.

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

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

I went there to have the water turned back on and started getting caught up in what the preferred order of operations should be.

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