@Andrew Robbins I don't think splitting the deal 50/50 is bad for you because it splits the risk too.

I'm looking for those with a quality track record and have fair pricing.  

Still not a bad idea for buy and hold.

I am in Glen Carbon, IL, so a trip to West County is not too bad, but after dinner with drinks, I fear the drive.

If you ask him for help coming up with it, worst case he thinks twice and walks away, best case he works numbers that leave you in bad shape.

So what I am saying is, it is a bad idea to play "chicken" with the IRS in hopes of gaining a leg up on other bidders at auction.  

Those that do are more focused on you doing more transactions, not necessarily you finding the best deals.Not a bad thing, just make sure you align yourself with mentors that will help you with your vision/focus.My 2 cents.  

As they settled in and started expanding their family quality issues arose as did the lack of space.

This could be tens of thousands or over a million, it all depends on the condition of the property and the quality of its amenity set. 

I'm pretty sure those very tactics and mindset are the reason why people like Charlie, John, and others have a bad taste in their mouth when it comes to wholesalers.Your seller has no way of knowing what you made off the deal unless you or your buyer tells them.