I would highly recommend you create an LP agreement.

I focus heavily on the sell side and on the buy side only work with high net worth individuals so the newbie wanting a 400k multifamily with an FHA loan probably isn't for me. 

Or for the high-end primary homeowner has no legal way to 1031 exchange; so the deferred sales trust is a no brainer.

The city required the road to be extended a few feet, along with water and sewer.

He uses poorly thought through methods, I've listened to his "methods",  Thus, he has the high amount of  Due On Sale called in a short period of time. 

I highly recommend going to meetups and talking to investors in person. 

I highly recommend requiring ID, selfie, and pics of CC front and back.  

Achieved by buying low value residential housing and turning into high value tourist accommodation for Short Term Let (STL).

I have sold in California, took the cash and moved out of state (to Indiana) and highly regretted it - I didn't have a real estate investor mindset then.

I can say in Detroit the wholesaler your talking to has most likely found that deal from 2-3 other wholesalers, they literally have to payout 2 - 3 other parties to get the deal and this is what the fees are high and the deal makes no sense.