@Steve Vaughan  I think the reason they do is for some reason they believe what they hear that the way to buy rental real estate when you have no money.. is to wholesale first get some money then buy rentals.when in fact wholesaling or buying and selling deals quickly in any volume takes a lot of skill.. significant marketing capital.. and most of the time they are breaking the real estate laws.And you have all sorts of HOW TO trainers selling their boot camps and of course they lead with you too can get rich with NON of your own money..theoreticaly that's true.. but not really reality in the real world..not to mention some areas simply do not have enough distressed real estate to make it viable at all.other areas like urban cores and cities that have seen hard times much easier to at least snag low value assets no one wants.. much of this is done is rough areas.Granted there are always hoarder houses and other fixer types in the nicer areas but its uber competitive for them.. and generally there is not enough profit in them to feed all the mouths.the wholesaler the buyer the buyer having to use hard money the contractor sales cost etc.. that in my mind is why you see so many post about HEY wholesalers don't know what they are doing..

You have to bring in a 20% down payment and they also share in the profits.....it sounds very expensive to me and not like a model that would allow you the control you would want to have?

All making profitable real estate investment that much harder. 

There are 2 main reasons for this:It allows the investor to cash flow more profits to use on things right now. - so if they wanted to reinvest the profits into another property or use that money for another purpose. 

Otherwise you will be gambling. 

For me anyone with a fico below 560 is probably a life long deadbeat, and anyone with no credit file, probably is also a dead beat, but they could have no credit for many reasons other than their lack of credit worthiness, so I assign 25 gamble points to the no credit renter and treat them as equivalent to a 585 fico.

By the end of program they own a part of a building in their own community in which their profits go toward their college education.

Can you find someone to loan you the money and split profit with?

you DONT pay tax's when you borrow money.. you pay tax's when you sell  ( that is if you make a profit)

PM is a high volume low profit product to go along with but/sell brokerage services.