I am able to do majority of the work involved and have been in trades for over ten years.

If you hire someone typically they are the ones providing this information, but if someone is paying you, then yes they need this information for tax purposes.BTW - I would say your SS# has been hacked so many times and is on the black market already this is why we monitor ours through other parties or just lock it down at experian and other agencies if you are concerned about it.

I think this arrangement can suit both parties, he wasnt going to be able to keep the house but can still live there for super cheap.

Moving from SFR to MF has its own learning curve without the development part.  I

Turnkey properties offer immediate rental income with less hands-on involvement, while properties in need of rehabilitation can potentially appreciate in value.

If there is something going on that is making you fearful then you may want to get law enforcement involved.

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

@Charles Evans Zelle and Venmo do not provide the same protections as a third-party rent payment portal.

Do you understand the added complexity, work involved, and costs? 

.: I would never give the party on the opposite end of the transaction POA over the property, or my social, DOB etc.