They can be convenient to do (one loan versus 5 in this example) and save on processing costs (versus an individual loan).

Waiting a year might not be a bad idea versus pulling the trigger sooner and having to pay to refinance later.Also realize it may be tough starting off as a 17 year old.  

What inspired you to do that versus focusing on one or two specific markets? 

And newbies who don't have quarter million dollars in their checking accounts shouldn't compare themselves to big guys when they make their first steps and have much less to spend on marketing.You are right about tax advantages of selling the property as "lease option" versus cashing out your income as wholesaler and being taxed on it.

So one could argue "lighter" turns are easier every year or two, versus, extensive turns after a few years. - How risky are student tenants?

We wagered it would cost less if we just spent time sourcing the right people.

If I'm following this correctly, the 1st issue I see is that you have an "active" business (consulting) versus a "passive" business (the rental property, assuming you don't do hands on management, etc.)...this would be a separating line for many people I've talked to about this. 

Versus. 

If it were my kids and there was bad water I would own you right now and take it to court versus fighting you over 700 bucks and then have the judge throw down a harsher punishment.

@Lucas Hunt50/50 is not uncommon - but also partners breaking up is also highly likely so what I would recommend is in the company operating agreement or in some type of agreement make sure you went through all the what ifs that could happen and how they would be resolvedIt’s a lot better to resolve them now versus when their is a dispute