I'm here because, like many others, I lost my job in the Insurance industry due to Covid-19 last year, and since then I've been conducting freelance (technical writing, 3D structural design) work to earn an income.

If you could convince a bank that it is worth $325k today and get a mortgage of $245 then you could write a four year lease with his full four years being paid up front (depending on laws, maybe you could even write it in a way that it is non-refundable if he decides to move early - or at least that he needs to give you 6 month notice)- then you have that cash to use for your payments and some extra that you could use for short term investments.

The writing is on the wall. 

Currently writing a proposal on a great flip in Tennessee, and in search of funding.

NOTE: discuss this verbally and then put it in writing!

Keep looking for homes with potential and writing offers when they come up.

Generally speaking, a Wholesaler writes (fills out) his or her own contract.Negotiate, make an offer,  embody price and terms in your contract, then execute.I'd recommend using the standard or promulgated contract rather than inventing or using some wholesaling contract you find off the internet.

He’s a tech guy that needs the write offs, likes real estate investing but is pretty hands off.I also cannot afford to buy properties on my own right now as I live in a hot market (Phoenix) and nothing here worth buying is under 220k and I’m not comfortable yet buying out of my area.The next property is his downpayment, closing costs, etc, but my credit.

You may be eligible to write off the expenses such as tools/trucks without it.You want to speak with an attorney but you may not be getting liability protection for repairs/renovations done to your own properties if the work is done bad.Speak with an attorney to discuss any liability protection that you may receive by having the LLC.

Try this: 1) Write down exactly what you want and why you think that will make a great investment over the next 10-30 years.