Good Morning, this will be my first official post and I couldn't be more excited to be bringing this deal to the table. 

You notify the next "potential tenant" in line, if they pass on your offer, you go to the next person.I want to turn my vacancies just like a well run restaurant turns it tables.

Terrible for any home that is unique, special situation or a C class neighborhood with mix of home quality (renovated vs run down).I find Zillow very useful for pulling my own deal comps though.

In looking for a vacation rental property there are several things that one should consider, some of this is very unique to a vacation property ....First is obviously the price and this of course isn’t unique to this type of property but you should have an idea of what your budget is and what you can afford to pay for out of pocket costs....For this particular home, it had to be a fixer upper, because I wanted a deal and I was working with a limited amount of money....Proximity into town was also on my list, this was very important as I wanted ppl to be able to go into town and enjoy a beer or good food or whatever, my place happens to be within 10-15 minutes of several small and very quaint towns. 

Again, this is no longer acceptable in NC and wholesalers then use a Transactional Lender or choose to assign their contract.The wholesaler who chooses not to assign their contract must then either bring their own funds to the closing table or reach out to a Transactional Lender to fund the full amount so the wholesaler doesn’t have to even bring $1.

Here is one that we rent, its an example of a good product - bonus points for being unique: https://heartwoodfurnishedhome...You need to be a very good operator and be very good at revenue maximization & pricing. 

I think you either need to do that, or have a viable plan of dealing with that 300k HELOC debt so that you don't have so much money on the table, which will increase your return (and also so you don't have 300k of adjustable rate debt)......but, there might be some folks on the forums who are more familiar with purchasing properties entirely with HELOC who might be able to provide better feedback...Pittsburgh is a great city--one of my favorites!

That being said... you found the deal AND the buyer so you're entitled to make the amount of money you deem is fit and you shouldn't leave any money on the table since you're providing most of the value here. 

., but you have to bring SOMETHING to the table. ...regardless of what type of value you bring, it has to be sufficiently valuable for the partner to benefit (and if the partner is a highly experienced and successful RE investor, they ain't gonna come cheap). ...Now, does this mean you should never partner with anyone, or you should give up on the idea of a partnership?

As others have stated, this is what will be invested into the deal that you will be responsible for bringing to the table - the lender will be covering the remaining balance - these costs will be the down payment, rehab budget you are responsible for, lender origination points, fees, among other things.