This gives them significant control and security.Joint Venture Agreement with Personal Guarantee: We establish a Joint Venture (JV) agreement that includes a personal guarantee, providing an additional layer of security for our investors.Memorandum Filing: We file a memorandum in the county where the property is located.

Your value is, to provide sellers that don't want to list, with a way to get cash for their house and provide buyers with discounted off-market properties they can buy to make a profit on.I am not saying it is not possible to wholesale from the MLS, but it seriously defeats the purpose.Focus on becoming the person/company that offers the most and best value and you will succeed.

Each person would pay $600 a month or even consider padsplit.

I'm happy to meet in person. 

The financing arrangement must be at arms-length and cannot involve a disqualified person (e.g., you, your spouse, family members, or certain business entities tied to you).

Hi Randall-Congratulations on buying a rental property well back in 2020.I am sorry to hear the property is now cashflow negative $200 a month.Your question is should you sell or continue to keep it with the negative cashflow.Depends on your personal goals and if being negative $200 a month plus any unexpected repairs or vacancies is affordable to you, but if you can solve the negative cashflow by turning the property into a furnished mid-term rental, for example, your future self may thank you.To Your Success!

If you are buying in a LLC there is typically a loan agreement and personal guarantee that is common

Personally I would not go above 70% and when your done building mode drop down to roughly 50%.

It is what I personally do and I help clients do.

I don't know, that's a personal preference.