*If your aunt was cooperative, you may have been able to form some formal operating agreement... although I am not sure how that operating agreement would hold up in your state.1.

@Marc Shin, I do BRRRRs so mine end up as rentals.

I thought that was nuts: I just paid 40k and my coaches suggested I go ask a competing program for advice.There are also a couple people in the program operating their own training for how to do asset management.

The way I was explained it was your net operating income minus depreciation yields your net income and you pay tax on that.

Its like sitting on a gold mine without being able to pull the gold out

We are considering doing a 50/50 partnership where he will provide the management/operations and I would provide the down payment.

Another reason why if you cannot operate locally, you probably won't be able to succeed wholesaling remote. 

There are both dishonest operators, as well as incompetent ones, that could lose your entire investment.

Have your attorney send your contractor a letter explaining your dissatisfaction, any legal, ethical, or moral violations his operating methods result in, and making him an offer BELOW your “target” amountbest of luck I have an attorney that I considered speaking with on this matter, but I’m not sure that he specializes in things like this.

They are very tech savvy and very progressive in how they operate.