Initial training was great.

If wholesaling is your initial strategy, I would suggest you dive into the wholesaling forum and read the posts in there, particularly "The Truth About Wholesaling"Many rookie mistakes are made with that strategy, so educate yourself and avoid such mistakes.

I think it has some real potential with the re-development initiatives and the location.

You can bet the free stuff just leads to the stuff to buy so you get all the secrets.The payment of money, regardless of what you might like to call it, or anything of value that might be exchanged with any promise or agreement to grant title to any kind of asset IS a financing arrangement.

Will you limit your initial inventory, say to 3/2/2s or take any cute house?

My initial review is that it's a lot like the Unofficial Guide - chock full of great information but at a high level.

Is it a better/cleaner approach to have each partner contribute the same capital initially, but have the "money" partner loan the LLC/scorp cash to buy property interest free.

I was afraid of "unloading on a newbie" and leery of the situation as well so you confirmed my initial worries.

Enough that I moved my initial search to obits instead of waiting for a probate to be opened and I suggest if this is one of the areas you work, you do the same.

If the difference between 15/30 year loans was 3.5% and 8% I can bet more might do a 15 year loan but a half percent is negligible when you can leverage that half percent elsewhere for way more ROI.