They are located out of state and her taxes are much higher than mine on an individual property basis, but she doesn't make much from two in comparison to me, around 1,800 per month I think.

You can also use a site like rentometer which pulls local rents from the area for houses that are already leased, you can then click on these individual properties and see what they are renting for.

We have decided to use the BRRRR method.We are each starting with an initial contribution of $10k and splitting the profits (after all expenses and contingency funds) based on our ownership percentage, starting at 1/3rd each initially.My question is really, how do we structure the purchase of our first property such that no individual is at risk of being screwed if it all falls apart?

Thank YouHi Justin, commercial lenders will be looking for the following but subject to lender and product-specific: (There are niche lenders)Investor Only - loans to Individual, LLC, Corp and Limited partnershipAppraisal of propertyUS or perm resident (some will lend to foreign nationals at 65% LTV and higher rates)3 mos PITIA and closing costs (some will use loan proceeds for this if within LTV thresholds) 3 mo bank statement for proof30-day ownership seasoning on refinancing (some 30 days to 90 days)No tax returns, DTI calculations or income qualification (most)LTVs up to 80% (some sweet spot is 75% for cash out)DSCR 1.0 -<1.3 (some will look at this but some won't sweet spot is 1.2)Credit 650+ (credit will impact rate and LTV)Min Property Value $75K (Higher min in certain areas)Lease or unleased (must be rent ready .. rate may vary)Min Loan Amount (lender specific rates will vary on amount)5/1 ARM, 7/1 ARM, and 30-yr fixed-rate structuresNo sourcing or seasoning of funds (some will ask for 30-60 days seasoning)Must own primary home (lender specific some do some don't) 

I'm sorry I don't know how to reply to each individual comment on my phone...

However the other ever present truth is something that doesn’t make sense for one person could make great sense for another based on individual circumstances.

A corporation can do many things that an employee or an individual cannot, like pay expenses before paying taxes.

A corporation can do many things that an employee or an individual cannot, like pay expenses before paying taxes.

Yes, there can be legal ramifications from wholesaling if individuals are negligent and don't know what they are doing.

I am hoping this platform allows me to connect with other like-minded individuals.