You're simply co-borrowing money on a property you don't own but want to buy from your co-borrower later? 

Simply put, you're way too big of an expense when they sell (even for reduced commission, as over many deals it adds up) and they would also get the added savings when they purchase either in the form of price discounts or getting the commission.

yea... apjones is near Northside.... but it’s a fringe street.... that combined with the color, size, lack of parking probably makes this one tough.  

At the meetup there was a speaker who was talking about his success to financial independent and when he went through his list of rentals he bought over the years it left me with a lot of questions. 1: Most of his rentals he bought in B+ to A area's in the 300-450k range in Florida.2: His numbers just didnt make sense, one deal he posted it showed literally like a +$5/month cashflow only....So afterwards i started to talk to him more and he mentioned that he is not the type that invest in cashflow, he is a equity investor... intrigued me so i asked more questions and basically he went on to explain to me that he buys properties that need a little bit of work, but have built in equity in the deal, but he has 4 main rules he goes by... 1: If the Roof is greater than 10 years, he always puts a reduction in his offer for a replacement roof.2: If the A/C is older than 5 years, he always puts a reduction in his offer for a replacement a/c.3: If the house is older than 30yrs old, he always puts 10-15k reduction in his offer for a water line replacement.4: He refuses to buy houses with pools....Anyways after a bit of talking he explained to me that he buys larger 300-450k houses, because most investors are educated to not buy them, so there is a lot of room to wiggle on the deals due to lack of competition on offers and most people in that price range are easily able to be purchased with a few % out of the deal to skip agent commisions..Example he gave me, he recently bought a 455k deal for 405k, but the ARV 535k, because he talked them down in needing a new roof, and a/c and offered to pay cash instead of going through an agent if he would drop 4% off the price for that... 

@Brock Mogensen  We have anyone we are working with sign one, but we also share with them that at any time they feel we (our team or myself) are not doing a bang up job for them, they can terminate the contract by simply "firing" us. 

do do this for 10 % or 12% is just some flipper talking a newbie into it who simply does not know what they do not know..

Confidently explain what the benefits are.You can not wholesale every house, simply because sometimes it is not the best thing to do.

Next, is the lack of a team on my part.I am aware there are several types of people I want to be in contact with, especially because I want to go the route of having my houses under land trusts (managed by) LLC (managed by) Living trusts.

We don't provide refrigerators in our rentals simply because I don't want to deal with the hassle. 

One dip in what the market dictates (or if there is one tenant that simply paid too much in this case), and it could throw you into a loss for awhile.