@Alex Mitt the decision on whether to hold a property or sell is personally, but I also think you can be very objective about the CapEx situation of the property.

Glad to chat about your situation, investment objectives and potential projects coming from our syndicators.Joe ArchboldAnthem Investing

Explain that the contract is legally binding and you expect him to fulfill his contractual agreement.

It needs to be written down so you can objectively look at each potential tenant and defend yourself if you are ever accused of bias or discrimination (the illegal kind).

You'd just put whatever shows that you're serious and capable of closing on transactions: you have educated yourself, you have objectives, you have (access to) money and you're an action taker.

Just ask him to explain what's going on.  

Could someone please explain the basics of what wholesaling is?

Could someone please explain how wholesaling works, or point me to a good source that explains it in a simple way?

To explain, I am in the process of completing my 75-hour course. 

Regarding your equity comment can you explain more in depth?