Still waiting for someone to explain to me how this model truly benefits the property owner. 

Year 2 had some large expenses, including some CapEx items (water heater, roof).

With the recent nation wide updates for flood modeling, you'll want to plan for bigger ponds.

Building a network of agents, contractors, and lenders who understand cash flowing rentals and the BRRRR model will be key as you continue to scale.

Many investors choose a profit-sharing model for true equity partners, often splitting profits 50/50 or based on the level of their contribution to the deal, but ensure everything is clearly defined in writing to avoid misunderstanding/miscommunication. 

But I don't think the broker model will entirely go away.

A host with a lot of properties always needs people on call to put out fires, deliver random items etc so maybe you can help with that. 

I recommend teaching him basic construction and property inspection (4-point items); 'lipstick on a pig' can kill an investment and reputation faster than anything in this business.Best...

If you are doing wholesale investing you need to have other strategies and models in place besides this one.  

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.