Just ensure the agreement is clear and formalized.Pooling reserves across properties might make sense if you’re confident in your cash flow and other contingencies.

The two of you would need to sit down with an attorney together and have a partnership agreement drawn up.

Review their management agreement.

This raises a question because we had a lease agreement on file showing a rental amount of $2,000 per month."

These documents include your operating agreement/ corporate bylaws, articles of organization, certificate of standing, and the EIN letter. 

Wholesale assignment fees are higher than commissions even though they could still use a Net listing agreement.

They are two separate sales agreements. 

Getting his/her initial reaction could open the door to an agreement that works for both of you.

If you go to the Lease Agreement Forms for your state here: https://get.biggerpockets.com/forms/index/, at checkout, it will give you the option to Upgrade to “Become a Pro annual member for $213 more!

To minimize upfront costs, explore down payment assistance programs, creative financing strategies like seller financing, or rent-to-own agreements.