I explained how wholesaling works and I warned him on inexperienced investors that would not close.

Given it's your first deal (and I assume you're inexperienced) don't get enamored with low land values.

They can become extremely messy and hard to deal with if the tenant is inexperienced with using one. 

My friend and I were inexperienced when it came to flips so we deferred to our new partner, and we financed the repairs.We split the profits after all equity was returned 30 30 40, 40 to our new partner.  

This means they are usually very inexperienced or unmotivated.To request or demand an appraisal prior to the lock is ridiculous.

The only con that I have is that he's an inexperienced public speaker/teacher so it drove me a bit crazy with how her presented the information; he rambled a bit.

My name is Tj Troup. I am a young construction worker from PA. I am trying to get into real estate investing and flipping of houses as a career. I have the hand skills needed to make changes and improvements to houses...

These types of investors make it easy for inexperienced, newer RE INvestors to raise money because of those relationships, though I personally feel that this is the wrong approach for newer investors. 

With cashflowing properties inexperienced owners have a margin of safety for making mistakes while they learn the business.

Being young and inexperienced I didn't draw up a partnership agreement and we didn't assign roles.