Here are some data based on my simulation;1st YearGross income: € 10.368Total expenses: € 2.552NOI: € 1.568Mortgage payment: € 7.159 (30year at 2.55% fix rate)Total cash flow: € 657,00Cash ROI 65,70%Equity accrued: € 3.373Total return: € 4.030Total ROI 403,03%Capitalization Rate 5,18%GRM 13,98DSCR n/aTax rate in Italy at: 26%

He may find it in his best interest to hold it longer to avoid short term capital gains or he may have better use for his money to cash out pay the tax and move on. 

Is this basically selling the property slowly over the course of 15 years to avoid capital gains? 

I want to put minimal money down if any because I know he hates taxes (old school guy) so any capital gains would make him mad. 

I assumed that wholesaling is the easiest to accomplish with a complete lack of capital as a beginning investor, however yesterday with 1 specific property I found, I find myself asking why would I want to hand this over to someone else, for a small fee, when my end game is to own property. 

Would it be a waste of capital to replace the old and bring in the new?

Their interest may be dependent on the size of the project.Talonvest and SkyMar capital are two brokers to look into.....Kris

Considering the high median home price in LA county, I initially took steps towards getting my real estate salesperson license to capitalize.

I've done 3 deals and own a total of 11 doors with my own money and now want to start utilizing investor capital. 

For financing, I've used Dominion Capital Mortgage who have done great work for me in the past.