Conservative ARV is $350,000 and when interest rates decrease, it could be worth North of $400,000.

He thought it was worth more than it was, but had not actually been inside the property.

It's worth it if the numbers are correct.

Thirdly, a huge tax break (check with CPA). 

Many people want to dabble in wholesaling, as you said, to get deals, but that is not worth time or money unless that is your business. 

Personally, I would have the tenant direct deposit the funds straight into your bank account so neither of you are paying fees.I recommend two accounts: checking and savings.

I will check out the lenders referred to me  by PB, but is there any pros/cons to be looking for lenders outside of BP?   

I'm back in town this week I was checking on our deals in columbus. land cost is prohibitive in some ways but with the right group I think we could take down a good deal. there's some new legislation that is pushing density as well  which is favorable for land entitlement. thanks for commenting I'll follow up privately 

Is it worth investing $15000 to start with partner-driven as they will still take 50% of the profit in the future?

Ended up in Fort Worth and Sherman.