Didn't take a genius to see this.

I would caution you on one thing.Building ground up takes a long time in this new market. 

Might just be time to sell it all to get in a better position and take what we learned along the way to do things differently next time.

These are auctions that often literally take place on courthouse steps due to a lender foreclosing on a property due to nonpayment.

If it's a bad deal you can throw the BRRRR strategy out the door but that's just my take on it.

First off, congratulations on taking the first step into wholesaling!

Do people typically just take out a bigger loan to finance it or are these special loans for rehabs with lower interest rates? 

Additionally, if he’s legally and financially tied to the property, it might limit his flexibility if he wants to make major life changes, like moving or starting his own investment ventures.Ultimately, the decision depends on how involved you want him to be in the financial side of the property and how much risk he’s willing to take. 

I’m currently exploring both short-term and long-term rentals but haven’t decided which route to take yet—so I’d really appreciate any advice from those with experience!

I don't care what it takes.