That part is not as straight-forward.Such operating agreements are frankly costly when done correctly.

If you decide they're not a good fit, then vacate them and release with new tenants that you actually correctly screen and lease to. 

I believe that the ARV I originally thought was correct of 160-165k which after a cash out refi will get me my money back and then be about break even.

I hope I understood your scenario correctly.

Thanks Tim - yup you are correct.

@Nik Farooqui You are correct in that GC licensing is never a requirement but it is more of a "silent factor" that can make a lender more comfortable lending hard money and thus the approval and loan process easier.

When you set up your online foundation correctly, you become the obvious choice when they start searching for answers.This is how you rise above the noise and succeed in wholesaling.If you need a step-by-step blueprint on success wholesaling, just respond here and I will lay it all out for you.

I’m eager to connect with individuals who are experienced in real estate investing so I can grow and develop on this new path.

It does feel like there is likely a major market correction coming, but due to limited inventory of vacation-rentable units in Maui I feel like I should be somewhat more protected from the effects of said recession.

.-  Joining communities and connecting with others on a similar path.