Your issues now are only another indication that you have no concept of how this business should be operated. 

@Johnny Duke I do encourage you to listen to episode 109 to familiarize yourself with these concepts.

I understand the concept of good locations, value-add, rent and refi (Basic BRRRR I keep reading about) but the devil's in the details.

My contribution...I'm bringing the deal (the opportunity) to him, I have the concept with tons of pics of the type of product that we would build out (RV sties and cabins), I've done all the due diligence, and will do all the work getting it improved, etc. 

Very excited that our concept of Real Estate investing is working so far!

Learn basic valuation concepts.

Recording journal entries would not be feasible.

Your asking a local bank to finance off of ARV and they don't even know that concept.

Thanks.Question: Ton confirm my understanding, the "Deferral Applies Only to QO Fund Investment made with Deferred Gain" concept means that after 10-years only that portion of the appreciation attributable to the deferral is gain free?  

I understand the concept of wholesaling , but starting out I wanted to know which methods worked better for some of the members on bigger pockets.