Im New to the website but highly interested and motivated to get involved in Wholesaling.

But I'll bet the Reader can sort the one from the other.......

And all my family members are very discouraging about the risks involved in realu estate.

Check out Guardian Water & Power, their smart (water) meters are in the $150/ea range (not including installation, but they'll arrange for that too) and do not require any involvement by the local water utility.  

You may even want to set up different entities for the different type of activities you'll be involved in to maximize tax benefits.

@Rudy Brown hey guy, no they don’t however I’m in New York check with your lender to make sure you have everything some lenders require even more in escrow when there rehab involved... my last one closing fees totaled 62k really!

There's skill, knowledge, and experience involved that you just don't receive from these discount services.

In a partnership I'm involved in where I brought the deal and will be handling day to day decision making and managing the original renovation we are splitting things 65-35 so the partner bringing the funds will make around a 15% coc return annually.

I would think the involvement of any such association could be a hindrance to running a legal short term rental since so many restrict them. 

There are some potential pit falls with that plan (mainly there's a chance that 5% isn't enough to match the work involved w/ X number of doors.