@Chris Kay it's VERY difficult to cashflow with 0% down purchases.We do 0-10% down Land Contracts and know going in we may actually have negative cashflow - which is acceptable given the low down payment and avoiding mortgage costs.

My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.

Given the circumstances, I’m unsure whether to proceed or back out of the contract.

I was hoping someone had a referral for an investor friendly attorney who can help with contracts specifically dealing with wholesaling both MF and SF.  

Your plan to handle the strategic aspects remotely while a property manager handles onsite issues is smart, and as long as you log your work and stay hands-on, you’ll likely qualify for active status.

I just bought a SF rental from a wholesaler in Detroit (just north of Bagley and south of Ferndale) and have another on market deal under contract in the Morningside area.

They were a bit older than me and a smooth talker, and he knew everything about contracting... allegedly. .

Marin is expensive and though we want to live in Marin, I think it’s smart to look at other markets for investing.

Still up to me to properly utilize it and get the deals contracted.

I currently own 2 rentals in the Phoenix market, but I'm ready to take it to the next level.If anyone has questions about commercial leases or purchase contracts, I can help with that.