Negotiation and deal making are the not an exact science attributes of purchasing but they should be based on objective consideration.Your offer for a flip property should be:Offer + closing costs = (ARV - Selling costs) - Desired Profit - Holding Costs - rehab costs - purchasing costsYou can do everything purchasing from a wholesaler as you can with a realtor, you just have to know the process since no one is representing you.

If you can stretch the amortization and lower the interest rate, the principle/interest payments on the existing properties may not increase very much despite the higher loan balance.

The cost of entry into wholesaling is near zero relative to other ways of investing in real estate.The friendship will sour from resentment if you stay, so since that's going either way objectively make your decision based on the ownership split.These things are infinitely easier to describe in advance (for next time).Good luck.

I believe the listing agent is not being objective.  

When you look at each piece of information with an objective eye, you know what you must do to reach the outcome you had in mind.Compare prices for different areas to discover what path is right for you and your business.

I’m gonna be not the smartest dude here, but I can say I agree with a related but inverse principle of his: “savers are losers.”I meet a lot of tired or failed landlords who wanna throw in the towel because, in part, they limited themselves to hard work, savings, and only buying within traditional means.

In Buy and hold, the sooner you buy, the sooner equity is being  put into the house with each principle payment.

At the closing the principle and interest is paid to the lender.  

@Megha Sharma Living in San Jose you will have no choice but to go out of state if you're objective is cash flow.

Is cashflow now your main objective or do you want to star a wealth accumulating process.