The biggest hurdle you will face from your partner is the push back on sale of the company.Should you choose to sell the company, unless you have a tag along rights as well as a control transfer agreement, he will only get 20% of the full value of any acquisition you might encounter, which means overall, his equity stake in the company is severely diminished.On top of that, unless you have a profit sharing agreement of 50/50, he will only be entitled to 20% of the profits. 

Hey guys, I would love to find out any key information or reg flags people have encountered with this loan program.

In any particular market, there are always going to be issues: If it's going up, you may encountering overpriced properties.

That encounter would not be pretty.

Not much different than some farmers/ranchers I encounter when I ask for hunting permission in the fall.  

Mine has a hazard stickers on it in several locations  and some instructions. 

“The public’s increasing willingness to rent – due to the difficulties many people are encountering getting into the region’s expensive real estate market – and forego property ownership is pushing many would-be home owners who are able to afford higher rental rates into the market.”According to the report, multi-family investment activity rebounded in the first half of 2015 with 26 deals (more than $5 million) valued at $370 million compared with 20 transactions totalling $186 million in the back half of 2014.

There are scripts for almost every scenario you as a realtor will encounter.

You need to set up an entity and if that is an LLC, address any future problem you may encounter in your operating agreement.  

Hey guys,I've called so many escrow companies, and all of them that I  encountered require a full disclosure to the seller and end buyer of the double close.