Then you invest that money in a super secure, no risk note with an operator who is already underwater on their original note.

“Don’t go under contract unless you have the cash.”I starting to wonder if I should look into virtual wholesaling in a friendlier state.

Are there specific tools or systems that you recommend for remote management that could help streamline operations?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I can give you insight to their operation

They are also getting a seller's concession which will keep their acquisition costs down.The deal will cashflow from day 1 after debt service and ALL operating expenses. 

Unless apartments are just not as marketable, then a multifamily building is likely the most efficient for construction expense, operating expense, and rent/SF.With a building of only 12 units, I doubt you'll see any time-based advantage by phasing in duplexes.

What we get out of it......creating a group that some of our best borrowers can get access to good deals.More than likely be virtual (zoom etc) and be an intensive, no-fluff training on how wholesaling is done, and what investors are looking for.

(especially for those involved on this website)The reason I mention if it matters on this website is because most are real estate investors(long term buy and hold) and will most likely operate at a tax loss which doesn't have an impact on taxes.The second point is, will you invest or not invest in a good investment because of what your tax rate is?

I'd shop around for something cheaper.For example, with VRBO, they allow you to add a virtual tour using one of their partner providers.