He would still have to process the payment and pay their fee (Which is pretty high I believe 3%) but might be easier to collect on time that way

Btw I worked all through undergrad so that is only 4 years debt I reference ;)But back to original post- I agree to only put 1 name on the loan- that's what we did, and my massive debt never hindered the process...

First, learn the process which could be explained in these simple steps:Step 1: Market to motivated sellers Step 2: Sign purchase contract with the seller Step 3: Find cash buyerStep 4: Sign contract with cash buyer for a higher price and collect 2k deposit Step5: Close Transaction via Assignment or Double Closing and Collect your checkSecond, learn has much as possible about the 5 skills needed to be a Pro at wholesaling.

I too am getting ready to process my first contract via docusign. 

I would get a pre-lim report from title, along with getting the daughter to fill out a 'statement of Information' with the moms details so title can process to see if any personal liens are against the mom and the property. 

There is not much etiquette, find a deal or a buyer, and find someone else who has the other half, get good contracts for every step in the process.

In the process of doing this BRRRR I had to deal with a broken water supply line at 6 am, a roofing contractor that didn't do a good job and left my roof leaking in various spots, and a call from my new tenants saying that the house was flooding because apparently, as we found out later, the plumber didn't weld the copper supply lines to the shower valve correctly and water was coming out from the wall.

How involved is the process to set up a trust?

First, it's very hard to get a loan on just a lot.Second, depending on the jurisdiction, rezoning could be a very complicated or impossible process.

I'm no expert, but this has been my process.