We also developed feelings about what aspects of the business we liked best and which not so much.  

Maybe it is seen as "taking too much" or there is a technical aspect that makes it hard.

I don't know, I stopped wholesaling as a main aspect of my business model, I wholesale properties that I pick up but don't want to do anymore because I get better deals, so I am on the same boat asHow is the market down there in Jersey?

It is very easy to be soft hearted (or headed) when you have not fully engaged in the  negative aspects of our business.

@Scott Carrillo It sounds like you just need to find an investor friendly realtor that can handle the same aspects for way less. 

You could say I'm an idealist at heart, but I don't let my idealism carry me away from the practical aspects of investing.  

And if it doesn't fit find a different aspect you didn't know and try that.

The great aspect for me is that there would be no land cost basis and I would get the experience managing the flip (I have never done a flip yet).I believe there is definitely potential in this deal but the issue is that I do not own the lot. 1) Is there a way for me to get financing on such a deal (hard cost around 500 k) say if I had a JV agreement with him but did not own the lot? 

One aspect that most people do not consider, is the increased water and sewer usage bills due to the laundry.

I wanted to cover a couple aspects and see if anyone can help tie up loose ends.