. $290-$390 a month for a pro membership and I can hardly use the site or app...Naturally, I downgraded the membership.

And now you and your partner have skin in the game. 

Much depends on the nature of the LLC. 

There's a reason wholesalers get a bad reputation - and it's not because they are making a profit without having skin in the game or don't have a license - it's usually because they move crappy deals, or they hang their clients out to dry when the deal goes bad, or they sell to people who really shouldn't be getting involved in the deal because they are not capable of handling the deal.Also - there's not one single definition of what "wholesaling" is.  

If you don't have a thick skin, not for you.    

He knows you are a pushover so naturally he will see where your line is !

I'm half way thinking of walking away from it but I'm considering the natural appreciation that the Midtown area should have in 10 yrs. 

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

We have small children so it's only natural we as well as our family is very concerned with what we have just embarked on.

When evaluating a syndication, always look at the projections to ensure they are conservative in nature!