It’s odd that our partial has been held up for more than a week.

Just to add to what @Jonathan Greene said (which is all true), there are way too many layers of red tape in short sales to make this a viable avenue for wholesaling, plus the odds of getting an appraisal to work at a number that not only profits the buyer, but a wholesaler as well - never going to happen.

Steer away from odd Gmail addresses (especially when it comes to given them your SS and other personal details) unless you've done the work to verify them.

Oddly enough there's been some good content on tiktok with quick videos on deal analysis and things to look for.

This tenant tried to break her lease last year and when i told her i would have to keep charging her rent until i find another replacement she refused, she decided to leave on an odd day (17th vs 30th/1st)and asked me to pay her a prorated amount back.

I thought hopefully the part-time job would help improve my odds of getting a loan through a bank.

If you try to do everything yourself, it will cost you more, and the odds of success are much lower.

No agreement covers what the managing partner can do - go gamble at craps your odds are better at making a return than in a real estate partnership.

The more nets you cast, the better your odds of landing deals.

This is the REVERSE of standard SFR and small multi-family (up to 50 units or so) management, where all funds stay in the PMC's bank account and are sent to the owner periodically, typically monthly.For larger apartment buildings iIt's normal for all rents to be deposited to the owner's bank account and the PMC be given access to this account to pay bills.Regarding your setup, it seems odd for only 8 units.