I am brand new to this app, and wanting to connect with people who have done wholesaling with minimal money of their own involved. 

That likely means that they are not good with money management which you are likely expecting from him.To answer your question, if you are doing long-term rentals, the LLC taxed as a partnership is likely the go to route.Best of luck.  

Basically, the money used in this type of financing comes from "Wall Street".

Check out InvestorFuse online to take a look at our full pricing breakdownWe were the first company to do a turnkey Podio buildout for wholesalers in 2016- close to unlimited customizability, but robust, more challenging and difficult to train teammates on actually using on a day to day basis which is the main point of.

It's real estate in markets with population growth, it's pretty hard to lose money if you get an inspection and appraisal.

Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money. 

I think $10k/mo is good money, other people live in expensive areas or have higher taxes and need $20k.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

David, are your credit literacy and other presentations posted somewhere online?

For example, if I send my son money for books, can I do so as a property manager fee so that this is also tax deductible.4) If my son, finds the monthly payment to be to much while he is in school and I end up shouldering some of the costs, how long per IRS rules can I carry a loss on the property.Any help would be greatly appreciated.Thank you.