Less risks of significant cash outlays and/or collections defaults.

@Blake KirbyHere's an excerpt from the Redfin article you referenced:"The metro area with the highest risk of a real estate dip during a recession is Riverside, California, with an overall score of 72.8 percent, followed by Phoenix (69.8%) and Miami (69.5%).

Everything would be in your name and he would be at risk possibly even with a legal agreement.  

I’ve been involved in lending for a while and know that financing can sometimes be a bottleneck.

I have a few (legal) marketing ideas I haven't seen any other wholesalers use just yet that I think will help give me an upper-hand making it a win-win-win for all involved, but I'm glad we're on the same page because I want to do this right.

I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Pete area and am very involved in the market here, especially in analyzing rental properties. 

It earns more risk-free in money markets than your mortgage rate probably. 

House hacking isn't just about the market—it's about your lifestyle goals and risk tolerance.

Has anyone out there been involved in something similar or have ideas on how I can move forward with this?