I havent decided if I would do a % of assets + 10% of gains and I would invest in the project myself (typical hedge fund setup) or something similar to that where i would invest alongside investors and take a 2% of net assets as the manager.

Had a hiccup with the appraisal.

To take that a degree further, a 100% transient RV park in the middle of nowhere alongside a major freeway will likely always be a 100% transient RV park, where that same park in a good location in a strong MSA could be transitioned over time to a permanent living solution where tenants call that a home.

I sure there will be a hiccup one day, for now I’m a fan.

BUT, the slightest hiccup, such as a two month vacancy, a large repair, an eviction, can eat up $900 plus in a hurry.

You'll have a few small hiccups in addition to the taxes and insurance.

I'm just curious about other wholesaler's views on what the hiccups of this process are and can be.

That's my main criticism.I've read too many previous threads about $100k+ deposits become completely lost as soon as there's a hiccup in the market, values drop, and the chickens are forced to come home to roost!

I am using Cozy alongside TenantTurner.com ("TT").  

Offer them a slightly inequitable split (inequitable in their favor) and explain that you are well schooled but inexperienced and would like to work along side them to learn some practical details that can't be gleaned from books.