I appreciate your contributions here and if our paths cross, the first beer is on me.

Eg, if your basis was 100k in the partnership, but the property had the basis of 150k, the property will get a new basis of 100k when it gets to you. and vice versa)And when you contribute this property to you SMLLC, the new basis (100k)of the property transfers to LLC. 

And in the process I hope also to learn what I don't know about wholesaling.Perhaps with the collaboration of other BP members, we can make a significant contribution to the body of knowledge on both topics.BTW: I plan to maintain a blog here on BP that can serve as a centralized location for the knowledge that we develop.

@Amanda Sinclair I would say no equity and 10% of rents max to manage the property, without contributing any capital it seems unfair to me to expect any equity. 

You can find great resources that would accept money to tell you about the area sure, but you could also find great partners to team up with and not have to pay them - other than a profit split for being "boots on the ground" or whatever they contribute.

Once I get proficient at analyzing, I will feel much more confident because I know if just a few of the numbers are off, it can turn a good deal into a bad one pretty quickly.Thanks again for your contribution and look forward to your feedback.Kyle

Hard to say without seeing the outside and different factors that contribute to this, but have someone look for sure.

Me and a froend want to purchase a short term rental and are looking to get someone to contribute money through a note.

I feel like we contributed to an amazing street with a mix of new and original residents!

I read you list it as owner contribution or something like that (how do I set that up)-when I pay the mortgage do I need to separate how the payment post?