Further, I figure that with a larger building I can afford to have property management and would not have to worry about being physical present at the building very often.

It's been a while now into Cody Sperber's fast track program learning how to wholesale real estate online, but I haven't pocketed any profits yet besides the education.

I was going through this old thread and a wholesaler noted that she sells at her contract price with no markup, but a 50% profit share. https://www.biggerpockets.com/forums/93/topics/174983-virtual-wholesaling?

@John Kilduff I actually know a wholesaler in DE that runs an apprentice program where she trains new wholesale investors to know good or bad deals, find leads and close on the good deals with them and splits the profit with them but I only know one buyer in NJ who buys in Burlington county but made I'm with it.

It's actually a disservice to the seller and poor negotiating skills of the listing company.These larger companies often have very large overhead costs and must keep transacting to survive.I run a different model at my firm.

I cant pay more than that if I do my profit margin is razor thin.

It is possibly a different situation for the larger investor.

The banks will withdraw money and hold it in limbo for awhile-- they use this "float" to increase profits.

However, the non-profit that's got them for dirt cheap is rehabbing them.

I am wondering what are your thoughts on these co-living start ups and how would one structure a profit sharing agreement with a landlord to start something like this?