Whatever you do, make sure you use a good attorney in Oklahoma who specializes in real estate and understands investor transactions.Or, and I'm tried of typing now so I won't go into great detail, you could possibly do a Joint Venture with your mom where she (with you as a partner) sells the house to someone else on owner financing, gets a down payment, and then finances the rest at around 9% for 15 years, but you agree that you will find the buyer and manage the payment collections, dealing with the buyer, possible foreclosure, etc., in return for X% of the cashflow.

You mentioned no rent control, can you tell me what that means?

"Control everything, own nothing."

Looking to further my education and hopefully develop connections to help us in our newest venture.  

You are going to have to do some damage control.

The other thing is that the lead time is what is, we have absolutely no control over it.

Hello, my name is Kenney and I'm a beginner investor interested in networking to get as much knowledge about wholesaling via joint ventures.

Good luck in your venture!

Good luck with your ventures! 

I'd go that route rather than a JV so that you maintain the control while you rehab the property and either sell or rent it.