It is a good community to network and learn about all aspects of real-estate investing.

Michael, I understand being caught up in the romantic aspect of this beautiful country.

If you did the homework and know how much you can get cashflow from this property you can figure out how much you can pay her monthly, maybe even setup a "interest only" for the first few months until you are done with rehab and leasing.Another option would be to pay her some amount of money to become co-owners (on title) and then all income and expenses are split between the two of you.A critical factor in your success here would be doing your homework!

We are getting people from all over, who are drawn to the creative aspect and the community part.

I'm new to wholesaling to the reason I'd partner with someone is so I can bring the deal and the other person can lead me through some of the other aspects of it like putting the contract together with clauses in it that cover you if you don't find an end buyer.

And I certainly get the hot markets aspect my wife just did a flip in PDX ( her project)  500k deal that would have produced a nice 15% return on gross but multiple bids brought the end price in at 550k and a nice 130k pay day.. but then again we paid cash for it.. and did the rehab so there is value add.with this wholeslaing stuff it just seems to me you open yourself up to all sorts of slick types and less than honest types that really abuse people.  

At the time I didn't think to negotiate on some aspects of the agreement as I didn't think it would cone to exercising it but I was wrong...anything can happen and change.

Now, who is there is a legit aspect, they might be hiding the significant other, but they can't hide very long so you'll still know and you can't disqualify an applicant for who they are with from time to time

I need some of you guy's advice/inputs/critics/encouragement on my first investment.I live in Columbia, South Carolina.

All I am saying is consider all aspects of your life in your priorities.