I am a huge believer in that the actual Better strategy is being able to pivot and take what the market/numbers take you - i.e. at the start of the project, be open to Both (either a flip OR a BRRRR), whichever models out better for the individual project

Sean, I have some deep domain expertise here.For starters, I own 12-doors in Detroit (from California).

But the way you have arranged the owner financing, and build costs, followed by refinance…this is a repeatable model for you.  

Thank you for being such an inspiration, thought leader and amazing role model!!

I could also just do a straight arbitrage/master lease but prefer the co-host model as I see it as more equitable and disperses risk and reward more evenly between myself as the co-host and the syndication LLC as the property owner.

@Michael Belz Photos are the only marketing you have when it comes to Airbnb... we onboarded 3 large homes in upstate NY 1.5 years ago, we brought in models, candles, throws, extra decor and the properties are beating their comps who had nice quality but un-staged photos by around 18%.  

The upside for the investor is guaranteed returns, while the upside for you is that any profit above the agreed interest remains yours.Another option is a profit-sharing model, where the investor funds the deal and takes a percentage of the profits after the sale.

You'll need to figure out how to wire it (it's not that tricky, a lot of devices have a 12v power supply) or pick a different model that can plug into a wall but has similar specs. 

Once you get your systems down, you have a real estate business model that you can take to any market and be still be successful.

The new wholesaler, while well-intentioned, caused all of this by trying to broker a deal on the internet with no experience, by not vetting the title company to make sure they were real, by not knowing what they were doing, and by tying up that seller's property with no plan or expertise to get it sold.