Wholesaler presented this deal..would like some feedback
Side by side duplex (total of 2 bedroom 2 bath on each side rent approximately $750 each side) selling price 26K, out right or partnership at the same sale price but he gets 6K upfront either way. He wants us to rehab ( approx. 30K), manage and rent the property until the note he holds is paid off and out of the rental income the property taxes gets paid and the 1 of the 2 rents collected goes towards the note that he holds . I think this is a crock of bull, however I wanted some input from the BP community. Thanks in advance.