Is this sort of arrangement typical?

I also checked out the meeting you organize- I love the charging  a token amount that both buys the group pizza and weeds out the people who RSVP impulsively but never show up- something I'll keep in mind for a meeting I might try to arrange in the future.

If I set up such an arrangement, I would still be at risk unless he was insured correct?

I'm curious to hear people's thoughts on an arrangement for some potential partnerships.I have a number of personal friends who are independently wealthy and who have expressed interest in working together.

I thought about approaching the seller about writing me a check for $100k after the initial closing and doing a second mortgage type arrangement.

If turns out to be a rental (which is my expectation) then I will bank the cashflow and work towards the BRRRR strategy to add another property in the near future.What I’ve been doing lately to make dreams realty:-Listened to one or two BP Podcasts a day-Spent tons of spare time on Zillow browsing properties-Identified a single family property that has real potential to be my first deal-Gotten an insurance quote and dug up tax records on the property-Talked to a couple area realtors and chosen one whose background and experience best fits my goals-Toured the property-Crunched tons of numbers based on different scenarios-Arranged a second showing for tomorrow, with a local contractor who will be joining me for the showing to provide a quote on the work that would be needed.I am super excited for tomorrow!

All this would be spelled out in a contract of course as far as that arrangement. 

She and other agents based there are all a part of a sponsorship team in eXp that I am not, but that didn't affect her willingness to mentor me. 

We form an LLC (or TIC if that is better) and I do all arrangement and he gets t still share profits with no active work on his part?

I've done very little JV'ing and understand your concerns on the arrangement.