I just want to make sure it has to go public and they don’t do some under table deal.

Hi Bryan,I suggest looking into the equity in your current residence to see if you may have some equity on the table.

I think there are only 2 components to wholesaling 1) assigning contracts (table flipping); 2) double closing (taking title and reselling)....

Much like "ratholing" in poker where the player takes his chips off the table and ends up only playing with the banks money. 

House door is open, work gloves were on the table.

I like to keep things relatively equal, but if someone is bringing expertise to the table that adds value you otherwise wouldn't have realized then they should be compensated accordingly.

Unless he brings a lot more to the table. 

By the time the realtors and uncle Sam leave your closing table, you'll wish you'd kept over the long run is my guess.

The property is a 5 unit building with the following information: Rental income is $4,000 per month or $48,000 per year totalTaxes are $375 per month or $4,500 per year (this is higher than current but factoring in that they will increase)Estimated insurance is $200 per month or $2,400 per yearExpenses: Vacancy 8%Management 10%Other expenses Landlord pays water at $400 per month or $4,800 per year Realize this could be a cost savings in the future, but want to analyze as isGeneral maintenance (including minor repairs on property) including grass and pest control estimate at $300 per month or $3,600 per yearCapital reserves for Cap ex (appliances, windows (52 windows on building), roof, siding, etc. which I based on building a capitalization table based on useful life of items and number of units) at $460 per month or $5,520 per yearLoan: All in after down payment the loan would be for $300,000Assuming 7% interest rateAmortized over 20 yearsThus comes out to $2,325 per month or $27,900 per yearSummary Income Per Year:$48,000Property Exp.

We all bring something different to the table and I have very strong analytical, finance and accounting skills, while the other two are stronger with the handy work.