I own and live in a 1B/1B condo near a cute, thriving suburb of Chicago.

In fact, I wouldn't be surprised to see a cut before the end of the year, especially if next week's GDP number comes in where I suspect it will (very low).That said, that's just my guess...there are so many variables that nobody knows for certain. 

Investing OOS unless you have acute knowledge of the market is a bit risky for a first time investor.

I could see the IDFPR trying to regulate this if they receive complaints from buyers/sellers that are not happy the wholesaler is getting a cut.

IE spread sheet with address you check title to make sure they acutally owned them. compare huds... ask for buy hud and sell hud along with their scope of work.. this can give you an idea and of course run back ground credit and if you want ask to see their tax returns.. to make sure they are actaully making money.... this is all things that HML do these days... as well. 

Maybe take a cut in salary to negotiate his being a money partner on your first few deals?

Everyone does realize DR takes a cut of everything his followers invest with one of his companies/affiliates.  

I have a cute little cabin in a mountain town half way between Sacramento and Tahoe, at 4000 feet elevation.

If you have to replace, cut around the perimeter and screw in a cut-to-size piece of plywood, covered by vinyl or rubber.2.

As you said, one of the best arrangements is the “revenue split” where the landlord pays for all furniture and the manager gets a cut from them for doing all the booking, guest communications, coordinating cleaners and other management stuff.How good can it get?