Knowing my situation, if my wife and I were doing something like this, I'd be OK with buying something sooner and cheaper, but my wife would prefer to wait a little longer to save more to buy something nicer.

I am a long-term investor with a buy and hold property in Brooklyn, NY and I also own multiple lands in Florida and Mississippi.

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.

Investment Info:Single-family residence buy & hold investment.

@Brady Bitter since  you are buying new construction what makes you think you are getting 25% equity.

Should I just buy the rental first personally and then transfer it to an LLC later?

After I sent them to him, he asked if I would want to buy one of them.

Notice when I spoke of London STR I used the words "gain control of a property" and NOT "buy a property"???? 

If you can solve their problem, you can usually buy the house.When you are a new wholesaler, the best thing you can do is to get some reps calling and looking for another wholesaler in the area, before you put your own money down on it.

That will probably be your best bet, to buy a fixer and get it cleaned up and then rent it out.Best wishes and good luck with your endeavors.