I don’t have cash for the down payment so what you just said is something similar I had in my thoughts.

These advantages include cash AS-IS offers, no requirement for repairs, flexible closings, zero realtor commission, cover probate fees, advance payments before the COE, post-occupancy agreements, no closing costs, and no formal showings or appraisals.Having previously flipped houses, I know how important is a good wholesaler to a flip and flip company.

Do you have issues with payment reader? 

I use a hard money lender, where they typically require 10-15% down payment on purchase of an investment property, and they fund the rehab.

That’s loan payment, property taxes, insurance, maintenance, utilities etc etc.

I would guess 15-20% down payment would be required.

I live far away so we'd been talking about me putting down 67% of the down payment with him putting down 33%.

But if that someone is you, the payment is taxable income.  

These are generally 12-24 month interest only loans that borrowers will generally pay back by selling or flipping to long term financing like DSCR loans.More on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Never trust them.