I am excited to hear more about your ventures in Toledo. 

Hi, congratulations on your new venture.

You can do a Joint Venture with your nephew, to where you put up the cash and he runs the project at a 50/50 split.2.

So... based on your experience, which one is better from a cost, appearance, practicality, and DIY standpoint? 

The term "invest" is defined as to expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.

I don't know the process of protecting him in the deal but hear things like using a promisory note or joint venture agreement.

Venturing into wholesaling here in the area. 

I realize that off the bat, it is active income, but the idea is to get the rental properties under a property management company, etc.It’s a joint venture with a partner I know, so while my job is one where I travel often, hers is one where she has more availability.

DIY- https://www.biggerpockets.com/...Turnkeys for newbies- https://www.biggerpockets.com/...If those help!

I am in the South Texas Area and notice that there is property that could potentially be beneficial for reaching some of my goals with this venture.