How did you find this deal and how did you negotiate it?

This would allow you to keep the current mortgage and keep entire control of the property.

@Luther Wilson III He would be a good resource on this

Regarding property management, utilizing local property managers can save you time, and using PropStream effectively for filtering properties by distress level and location will certainly help with finding stronger deals.

Purchase price: $100,000 Cash invested: $30,000Property is valued around $315kForeclosure purchased from bankNo renovations since 1978What made you interested in investing in this type of deal?

I need help in building my team as well.  

This also may be a good way to get an in working for someone with more experience since being a new wholesaler who doesn't even know where to start makes it very hard to start.Also, don't start telling people you are a wholesaler before you have marketing going out, a small buyer's list, and at least one property locked up because everyone wants to be a wholesaler, but it's not actionable until you are in the game.

This would be our first flip together, splitting cost and profit 50/50 with a hard money loan for what we cannot make up on our own.

I am new to this so any insight would be appreciated.

With this in mind, I went with Axos bank and opened a business account.