Also, wholesaling takes a lot of work and I see a lot of people get burned out quickly because they didn't anticipate how much work it entails.  

And what does that entail, exactly?

(For example, the easiest method I can think of, is it acceptable that one of the partners write a check which is commingled with the funds in the other  partners checking account, or would that count as taxable income for the receiving partner, or entail other pitfalls.)Any input is appreciated. 

Well, your agent isn't very sharp, or assertive, or they would have had you show proof of financing already.....but they will surely require it before submitting an actual offer, I'd hope.  

First ask yourself do I want to be a STR owner with the responsibility that entails managing guests? 

Which usually includes asserting ones belief that their own opinion is correct?

Before jumping into syndications take the time to educate yourself to have a foundation of whats entailed, and the risks. 

I'm not quite sure what this entails, but I assume if I join one of the realty companies such as Keller Williams, Remax, Century 21, etc. that they will serve as a broker for my license.For those investors who got their license solely for investment purposes and not to become an agent, did you also join one of these larger companies or are their smaller brokers? 

I would take the smaller steps approach I have laid out rather than the entire $1M and diversify.Lastly, long term holds with income property is a great way to build a lifetime of income streams and net worth, I recommend it if you have the desire and ability to be a landlord and all that it entails.

Hello Account Closed,If you are using financing to get the house, you will sign a note (promise to pay the loan back) asserting that the residence will be your primary home for the first 12 months.