I honestly have come to the conclusion that pre-existing is the way to go, but I would like to bring some good cold hard facts to bring to the table when it comes to the discussion I'll have with my family member. 

I guess what my point was, what I have noticed to be a little pattern as people try to get into real estate with no money or no credit is that they come to the conclusion that wholesaling is a good place to start, because that's what the gurus say, and the truth is you can literally put a home under contract with a $1 deposit , never intend to buy it, and assign it an end buyer for a fee.  

What data has driven you to this conclusion?

Sending an email now that will hopefully allow us to come to a conclusion 

He probably did steal the tools, BUT you need to be aware that it's awfully easy to misplace stuff like that and then jump to conclusions... especially once suspicion/conflict has started to develop.

Your general conclusions seem on target, but who would lend a new investor 500K for a rehab after they borrowed 300k somewhere else for acquisition on their very first rehab.

I have come to the conclusion that you could transfer it without the bank knowing however I can't advise on this as I know it triggers the clause and it could cause recourse if a lender were to find out.One attorney I used to use for paperwork back in the day said if the bank won't give them permission he has them fill out the deed transfer, notarize, and just not file it. 

I do digital marketing for a few leading property management companies in this area and came across this thread while doing my own research.One I do find interesting is the almost universal conclusion here that property managers can't earn their commission.

How did I come to this conclusion: The news report says that it happened near the cross streets of College and South Packard. 

Absent such data, the common conclusion is that 2007 will not happen again.I agree with that conclusion, simply because no one is "ignoring history" and all these non-ignorers are coming up short on data to support that 2007 will happen again.What I wonder about is student loans.