If anyone has any insight or suggestions on whether to obtain lending from Canadian or American Banks it would be greatly appreciated.Also my wife is an American citizen.

Your partner either needs to take a on a lot more responsibility with regard to the execution to justify the profit split or he needs to take a much smaller split and just be hired out as a contractor to do the design work and you keep the profits.

In a wholesale transaction the seller is in some kind of financial trouble which the wholesaler is helping to resolve.You have two options an assignment or a double closing:I haven't done an assignment myself so not sure completely of the process, but in a double closing there is already a contract with the seller and the wholesaler who is fixing the liens on the title, when that is resolved there is a closing date where the wholesaler execute the contract with the seller and you execute the contract with the wholesaler.In general the closing cost in these type of transactions are covered by the buyer which it could be around 3.5% and it does not include sales agent fees.There is one thing that I didn't understand, it seems that the hard money lender is in charge of the transaction.

But his financial advice is spot on for most Americans.

I know some people have different experience levels and capacity to learn and execute skills.

Nevertheless, our first few moves will be executed while abroad.

They called it the American Economics machine, they called it this that and the other but NEVER once did they call it exactly what it is, TRADING. 

A deed transferring the property's title to the LLC is usually executed in order to do this.

Look into whether or not they can execute a sale with the next buyer, while there is an ongoing EM dispute with you.

If the American citizen only knew!