The problem I see fundamentally with so called guru promoters is that they share no risk with you.

Thanks for the info @Josh Havekost! 

It would be a lien placed on the entirety of the property that is deeded in both your names (or in your entity, if you closed in the name of an LLC).If you plan to take full control of the property, you could refinance in your name/entity alone with a cash-out and pay your partner off with their equity share.

Recognize the sponsor is at least as critical as the deal.  

Definitely prefer cash flow options, but im open to the other concept.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

However, many wholesalers are now buying and listing the properties where they don't physically live.The most important thing you have to know is whether they own the property.

For Canadians seeking to tap into the market in the States, the way the LLC is arranged creates a challenging tax environment and basically leaves you limited return. 

The S&P 500 is up over 20% this year.

For the most part yes.