I mean it almost sounds like a real estate commission tester trying to catch you doing these things since it is textbook definitions of the previously mentioned concepts.

I have never done that before so hope to get some advice here.I am fine with the concept, which is getting rent money now and have a sale down the road.

For $1300 extra that I'll spend on house wrap and labor, I don't want to take the risk.I have not built multi family yet from scratch, but my company has gutted and remodeled several buildings in uptown Mpls that were converted into condos.I know of only one multi family developer in the Twin Cities that understand the concept of exterior foam insulation and reduction of thermal bridging who uses zip wall system.Yes, you pay more upfront, but if you plan to keep the building for 5-7 years you recoup the entire cost of zip wall system by paying less for heating and cooling.In commercial construction, smart developers used exterior foam insulation since 1980s, I had a building in Hopkins that had that.

Everyone always explains the exact math incorrectly, which you just repeated because you've been given bad info, but you get the concept so that's good enough.

John Fedro is a genuine individual who has built great wealth atound the concept.  

At the time, my naive brain had no concept of buying real estate (not even for my own primary residence) but then came the "Obama Tax Credit".  

I look at the whole concept of wholesaling as a way to "dig up" rough gems to later be polished by rehabbers and sold to end users who want that sparkle! 

Like you, I don't really know how to implement the pay-the-mentor-out-of-profits scenario, but it seems like a concept that could work.  

I understand the concepts related to RE much better.

The concept of a Credit Union is the membership shares some common interest (aka a co-op).