I guess my question now becomes, "what is the trigger that pushes one to do this?"

Unless it is a true partnership someone is always in charge in a business relationship. 

I was not planning on telling the seller that I was looking to wholesale per se, but rather I'd be thinking about either flipping it personally, finding a flipper or some sort of partnership.

The keys to CCW Permits, is if you are forced, will you pull the trigger?

I've been around the MHP business for about 5 years now.  I do not own a park, but I own quite a few mobile homes in parks, and I'm fully capable of operating a medium size(50-100+) lot park.I have a couple of guys wh...

The numbers look good to me I would jump all over this opportunity-- a partnership with a GC in the area that you can get a solid referral from and has a good reputation for honesty and integrity.

The franchise director generally has the inside scoop on off market locations wanting to sell due to partnership splits, owners retiring, franchises being taken away for franchise violations etc.In the FDD sometimes the parent company will list percentage of sales for corporate or franchise and what percentage they fall into.Example 400 corporate stores and 30% average 100k a year gross profit, 40% make 200k gross profit, and the top 30% make 350k. ( I do not know Tim Horton's numbers and this is just an example).

Much like the podcast this week, your message of having a good education is resonating with me.I know to some it might seem like I am sitting on the fence, but I think spending these last four months putting together my business structure will be beneficial for me when I pull the trigger next year.

If your lender has most of the cash in the deal then they are probably going to want a equity partnership... vs a debt partnership.Frank

Combined, our incomes are over 100k, so we definitely have an advantage there as we look to invest.The plan is that we will form a partnership (of some legal form) so that we can take advantage of both our incomes to scale our business faster, easier, and with potentially less stress and worry (at least financially).