If the deal is structured right, sponsors likely get little to nothing until the property has sold, aside from some up front fees and some ongoing fees. 

Ongoing construction can also be noisy and disruptive.

I can just foresee this being an ongoing issue that even a new toilet wouldn’t even fix. 

For ongoing projects, I would recommend a rehab loan. 

So if you plan on going out of state, you might as well do it now. 

And you have the tax write offs from the negative cash flow.Think of the $220 as an ongoing in-vestment.

the buck stops with you.I BRRRR in PA and I am CONSTANTLY at my properties while a project is ongoing. 

Your fee to your CPA will be double as well as your on-going maintenance to keep those LLC’s in compliance.With the simplistic process of having one LLC for operations and one Series LLC for asset holding; you will save yourself a ton of time, money, and headache which would occur if you move forward with juggling 4 LLC’s – yuck!

I am trying to figure out if probate/wholesaling can lead to an ongoing profit that can be transitioned into a full time business or a side endeavor that may pay out a couple times a year.

I know that is not much of an answer, but I wouldn't say that one slow turnaround, one overrun and one poor communication indicates an ongoing problem.