You can delegate that role to your agent but if he is incorrect your life savings is at stake. 

Your risk tolerance plays a role in whether you get involved with wraps or not....Good luck!

If you want to role in any rehab costs look at the FHA 203(k) loan. 

That fee only becomes their down payment if you agree to accept it as such when they exercise their option.

One thing no one has mentioned in this thread is the value of the time you are spending on this exercise. 

When I started helping my father get into rentals I took over the pm role for him.

To Tim's point about buying in your own name and transferring later, I've heard the same that banks rary exercise dur on sale clause, but it may be worth asking upfront to get a feel from the banks you're dealing with on whether they'd give you a hard time on it  if there is a local meetup or RE Investing Association, try to attend so you can see who other investors are using for their commercial loans.

When the time comes and I want to settle down, would like the option to do this through real estate so I am trying to build a portfolio where I would like to end up.To close, I want to thank all members for sharing there knowledge and being role models to look up to and strive to be.Sincerely,Emmett Gorman  

After all, if you are working 24/7, and you never get a break, you are just going to get run down.If you find you struggle to mentally unwind earlier than you’re used to, try some tricks, like putting away electronic devices an hour or so before bedtime, reading a book right before bed, and making sure your room is very dark so you don’t get distracted.ExerciseYou don’t need to take up marathon running to get the benefits of a consistent exercise routine.

It’s a security if the partners don’t have another role in the deal, correct?