Too many unknowns for your first one, 2) Get the property inspected BEFORE you buy it, 3) don't use all your cash to buy the property and only have the credit cards to fund the rehab. 

Because there is always unknowns and there is always another deal

There are a lot of unknowns in your questions.

(Commission difference on a $250k house might be $1000 vs $6000)HPoA offers cashTenant gets certainty of a renewable lease and a professional management company, versus the unknown of a private landlordCons:In my market, renting through HPoA means paying about 10% more than market rent.

But if you have 50 sheets and its someone you know I would pay $200 extra all day long if I knew what I was getting versus an unknown

Account Closed. you should anticipate your property taxes to rise - by how much is totally Unknown.

STR was an exception to that for a while when it was unknown and considered risky, but now that it's a legit asset class like LTR SFH or Multifamily etc and the secret is out, it's much more in line with traditional real estate where it's more about the deal than the market.All imo, of course.

Hey @Aaron FaulkThere are endless ways to structure arrangements like this and they depend on a zillion unknowns, including what everyone wants out of the arrangement.

Several layers of disaster noted in your investing plan1. using a wholesaler 2. unknown closing method 3. you didn't look up his license and complaint boards 4. you allowed contractor to cut corners and cheat  to save a dime 5. you didn't listen to your gut. 6. you issued checks before you verified work completed in workmanlike manner and didn't comb through the bills.......Learn from this.

Since I've made it more clear than just verbally that I'm not working towards a future with business partner they now are asking for more than 50% profits since the extra work and stress they took on in the business with their unknown intent to me was for ''Our" future together.