You need to be able to consistently make money on your own deals before you start investing someone else money.

I need the same advice. here is what my bank is offering me on a commercial loan:-maximum LTV 80% -maximum term 15 years -ARM 25 years -Rates are fixed for 5 years at a time -Fees consist of actual costs plus 0.50% of the loan amount Let me know...

The house is in a decent area and renovated homes are selling in 90 days or less consistently.  

I definitely see the use of the wholesaler as a force multiplier for your rei team, but at the rate Paul is describing I feel tempted to buy the property direct from the owner just to teach the wholesaler a lesson.

It would be a very rare market that will consistently allow you to pay someone that and stay competitive. 

You will need a history and track record showing that you can consistently make your normal paycheck.

Engage people/potential mentors as much as possible because I have gained vast amounts of knowledge from these forums through people that were willing to give their time freely and provide consistently sound advice!

My concern, however, is that I have only been at my current employer for 6 month and I only have 6 Months left on my contract. and before this job I just worked part time jobs through college so I don't have consistent work history.

The operating agreement (which must be a custom agreement - no getting around that) for the master LLC states that the management entity of the master will also be the management entity of each series, unless otherwise noted in the individual series agreement (which must also be customized at least once).The members of each series consist of one or more of the following:The investor(s) funding this particular series, andThe person(s) providing rehab/remodel labor to this series, andThe person(s) providing administrative functions (management - already covered)In addition, there are so many other provisions to be worked out that it isn't even funny, nor can someone attempt this on their own.  

Engage people/potential mentors as much as possible because I have gained vast amounts of knowledge from these forums through people that were willing to give their time freely and provide consistently sound advice!