That holds home prices down while simultaneously making them more expensive for FHA buyers.

@Pavan SandhuOur goal is really to make both halves livable for separate tenants to live in simultaneously.

I would see if I could get all units vacant simultaneously- as leases expire, put them on month to month and once you can give notice to the last tenant, you give notice to all of the tenants and gut the whole building.

I told him that if he puts up the capital, I'd be more than willing to do all the due diligence and work that it would take to find the deals, tenants, find contractors, etc. without his paying me because I would gain significant experience in the process and simultaneously, he would profit.

Stephen, the ones you have under contract, do u simultaneous close on them when you get buyers for them?

We do simultaneous closes on most of our wholesale deals, about two a month. 

I made that decision in late jan/early feb and had them get to work.As expected, "old house stuff" started happening. pluming issues, light structural stuff, as well as some mistakes by me (they were doing work in 3 different units simultaneously, instead of 1 at a time. this was fine but cost me a boatload of money and did not result in increased income from the property). 

The property management piece seems standard, but I'm curious about the wholesale fee + simultaneous equity position.

Or, you can do a simultaneous close where you write a new contract with your buyer. 

You get the duel benefit of using the rents collected to paydown on your mortgage while simultaneously enjoying appreciation.