Quote from @Joe Davis: Quote from @Jack Phillips: Quote from @Joe Davis: Yes, Go High level is good, so is podio if you can build it or purchase pre-built off the shelf like InvestorFuse. 

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.

And the hardest part of all this is finding sufficient labor to rehab/manage the property.

Upon "googling" I see where some folks include Debit Cards as not having to send 1099's, but I want to be certain.A lot of contractors lump their labor and materials together.

@Joe S. our team!  

This is the heart of the reason housing isn't mroe affordable, that landlords bear these types of costs every day.You could probably find cheaper labor, especially to haul away the junk, but not easily as an out of state investor. 

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Materials will be about the same, but labor may vary greatly on location.

(after I deduct all the labor/material costs). 

.: Quote from @Joe S.: Quote from @Ken M.: Quote from @Kris Kempe: Hey BP fam, Have a single family home I got under contract and planned on wholesaling.