The question is mostly a personal financial planning question and it depends on your preference and what balance of risk and access you'd like and would be comfortable with.

Quote from @Antoine Black: I have a house that free and clear and I'm trying to tap in the equity can any one help  Hey Antoine, As Mike stated, your best bet is a local credit union.

I'm hosting a local meetup in Mankato, feel free to shoot me a message if anyone is interested in joining!

u can see these homes on my website. also if there is any way to manage it.. if you can figure out how to get paid as a WA resident you will enjoy the same no income tax status you enjoy now.. 

There are also several funds out there that provide high single digit yields that are low risk. 

I heard when you're young, it's the best time to take risks, at job that might pay less, but offers knowledge, experience, and growth.

If your time is worth $500 an hour I would spend the 5k on 10 hours of searching for a free mentor.

. - You will be at risk of breaking the law, as many states are creating laws that effectively ban wholesaling, and while wholesaling gurus claim that this is not the case, they are either lying or deluded.

Perhaps if your partner was a general contractor or handyman type there may be some merit there to reduce costs / increase profitability.If your partner enjoys deal sourcing, a better move might be for him to become an agent - so he could legally collect commissions from finding deals and managing properties for multiple people. 

Now, if you want me to show you and teach you, ask the right questions and I will happily do so here in public for free so everyone can learn from this.Lastly, 1) I am not selling SEO services in the free forums.