There are 2 duplexes and a triplex.

I used BP calculators to run numbers as a Fix and Flip and as a Buy and Hold, with both cash and conventional financing in the interest of multiple exit strategies.Quick details:Property is a SFH in a trendy neighborhood, three of the homes for sale within a 5 minute walk are flipped homes.Property has 3 beds and 1 bath.

Former business partner and a good guy. 

@Kurt Phillips I have total ownership and my mom work smith Amundsen law firm so I been talking with her and a few other attorney’s but wanted to get receive advice from other RE investors

I have robust liability limits and a PUP.

You still need insurance and a business entity.

A few years down the line, with good success and a strong lender relationship, you may be able to get a note in the LLC's name, but until you move into 5+ unit properties, that's very unlikely.

I’m currently wholesaling, but contemplating of getting my license just to have more validity, knowledge, and a broader network in real estate.

In Santa Rosa, CA they are using ~$330 a square foot for mid-priced homes (300-500k) and a 2.5 million dollar home like that it is at $500 per square foot to rebuild after the fires.   

You just need his books and a barrel of Cool-Aid  :)