I would personally then use the 40-50k to increase my buying power using Hard Money/ Angel Funds/Etc. 

@Kevin RodriguezYou could also increase the rate a little, do lender paid MI so it doesn't show up as a separate  component of your monthly payment and then get a better deduction on your income taxes.Stephanie

Having knowledgeable people helping you will vastly increase your chances of success.  

For wholesalers I have heard that Simple Wholesaleing with @Brett Snodgrass does a great job and they sound pretty ethical and I would also recommend @Andy Rumple who I met personally and seemed like a great guy.  

We look for things like motivation and willingness to learn.One way Experienced Investors judge to work with Novice Investors is to see if the Novice Investors prove their motivation.Novice Investors Posting that you would love to meet Experienced Investors and hoping that the OP of this thread will pick up the reins and coordinate a group meeting with a good mix of both Experienced and Novice Investors will only demonstrate to Experienced Investors that they will probably not want to work with that particular Novice Investor(s).Although I'm breaking a rule by pointing out to Novice Investors a simple fix to prove their motivation, I just have to say it.When you don't have much to bring to the table AND you wish to network with Investors that bring a lot to the Table, then you have to use what is in your power to attract those that can benefit you.

I increased the maintenance and repairs numbers to account for any possible deferred maintenance.

My attorney was a little suspect at why they would be willing to do this, and said I may have issues on my resale if not at the same title company, or by any future seller after me- but that my liability would be limited to the increase in value above the amount of my policy.  

-depending on sale price, cap rate will be in the 8.8%-9.3% range(rent increases each year).

If you want to introduce new rules or increase rents etc. they can simply withhold the rents and you go bankrupt.Not a good investment risk.

There's nothing complicated about our LLC, it's a simple 50/50 partnership.