Instead, it was an online platform that served as a middleman between investors and real estate partners who pooled the money to buy properties, usually in residential areas.

My idea is to form an LLC with my partner to qualify for a 100k business LOC with our credit scores (both 700+), our DTI ration, as well as my equity.

Even Virtual Wholesalers.Some say they are simply a middle man and provide no value.I think a middle man provides the a necessary function.

There would be a pro-ration if you moved back in after moving but it doesn't sound like that's the case....you will owe recapture on depreciation taken, but not capital gains. 

Remove emotions from your investing decisions and think very rationally.

Basically, he is able to avoid all the bank requirements and cut out the middle-man syndication. 

Based on your experience, in general, what is the rational or the steps in getting into a new market.

The kids on your Facebook profile need you to stay rational and provide for them.

Those are the organizations that are highly likely also going to support finding their hires a place to live and if you can connect with them and become a preferred vendor, you've cut out the middle man i.e. furnished finder.

It's a great example for REI's not analyzing markets correctly, rationalizing their weak analysis, and then chasing that "shiny object of distraction".