Once you have those personal experiences from managing your own property, you will be able to identify and vet these property management companies when they're trying to make excuses of whatever the reason is as it stops you from achieving your objective. 

Or you could buy a property from another person at the meetup.

hmmm, i see what you are saying. well i just recently started researching about wholesaling online, so im not too familiar with it, to be quite honest with you.how would one start that journey?

When that person said that, we realized how much power we had to negotiate terms that helped us reach our goals.You can't just take what's being offered when you negotiate.

Taking the 1st step of a long journey.

Just like you would do with any non-family contractor working for you:- get them to complete Form W9 for you, as you will need their SSNs- have them provide receipts for materials/supplies and keep those receipts- have a written labor agreement (how much and for what) - pay for materials separately from labor- make all payments electronically rather than cash so you can trace them- pay out of your business account, not personal- issue them 1099s next year if you paid them $600 or more for labor (for the whole year, not per job): https://www.biggerpockets.com/forums/51/topics/1167632-expla... 

He told me he had started his real estate investing “journey” 6 months ago, but hadn’t purchased any property yet.  

I am currently reviewing the numbers associated with a wraparound mortgage and I need some assistance in determining if they make sense.Can anyone please direct me to the appropriate person who would be able to help me analyze and verify these figures?

A very good local agent would be the starting point of the conversation for me personally.

I haven’t seen it personally but I imagine it’s some kind of “use us to sell or pay a penalty” clause.