Although this partnership is a good fit on paper, I would highly recommend that one's partnership somewhat compliment your personal investing style.Sometimes, that polar opposite creates a good balance; but also it challenges.I am providing this post mostly to share my personal observations and also, because there are equally as many request seeking partnerships and funding.For those individuals, I submit that that partnerships with colleagues, family and friend inherently involved possible nuisances in operating style, priorities, and realistic timeframes on the amount and division on your net return of investment.In summary, think, plan and have those discussions prior to forming your partnership, funding etc...these are just my thoughts in hindsight.

remember hedge funds and the like  may target a 5 to 6 % return.. so pretty hard to compete with them

IMHO, the business lacks individuality and to be a top performer you'll need to more than copy another. 2).

Luckily, I have stayed relatively dry over the past few weeks, but there are a lot of individuals who haven't been so lucky.

So my question then would be is there a lack of serious competition in Ohio when it comes to wholesaling since it can only be practiced by licensed individuals?  

This concerns me a bit as a newbie trying to compete with so many others.

Not competing with the full rehab fix and flip pros, who have to add their profit to yours, so not a wholesaling type operation.E.g bottom end.

Most individuals eventually want to get current income from their investments and seem to move away from their IRA or put long term holds into their IRA.  

I've found two individuals that are selling a 29 house package deal about a hour away from where I live.

FYI it's Big Brother mentality and the US Govt is really putting the screws on individual freedoms when it comes to what you want to do with your money.